Infosys, TCS, Wipro, Tech Mahindra will not give more than 9% pay hikes

This article first appeared on Business Standard on June 30, 2017

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Most employees in software firms in the country will get low salary hikes this year, with the sector struggling to overcome a slowdown in business.

Increased automation, pricing pressures from clients, and a shift to digital and cloud have adversely affected the revenues of the information technology (IT) companies over the past year.

At most of these firms, senior managers will have to contend with salary hikes and promotions being deferred by at least three months. Turnaround in business is likely to bring salary increases quickly. Average increment across