As revenue stagnates, Indian techies get single-digit salary hike

Low attrition, shifting business model impact employee compensation

At a time when most domestic IT firms are going through a challenging operating environment with shifting business model and higher onsite costs, employee wage hikes across the industry remain subdued at single-digit growth figures.

While most domestic biggies including Tata Consultancy Services (TCS), Infosys and Wipro have given an annual raise of 6-7 per cent this year, employees of French IT and consulting firm Capgemini received a measly 0.5 to 1 per cent rise.

This is part of a broader trend seen in the IT industry where revenue growth has stagnated to around 8-9 per cent with the contribution