Business Standard

Job switches to fetch smaller salary hikes to tech talent, says report

The average salary hike on new jobs has fallen from 54 per cent in July and August to 45 per cent in September and 37 per cent in October

Jobs, Insurance, Irdai
Premium

Illustration: Binay Sinha

BS Web Team New Delhi
Job switches may not fetch hikes of 100 per cent to tech talent in India anymore. However, new jobs may still fetch them a 30-35 per cent jump in salaries, a report in Economic Times (ET) said. 

The average salary hike in new jobs has fallen from 54 per cent in July and August to 45 per cent in September and 37 per cent in October, the report said. Currently, it is around 35 per cent and will come down in the coming months. 

"Frenzied salary hikes for job switches over the last two years have come down to pre-Covid levels

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 23 2022 | 9:33 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com