<ul><li>Indian IT sector employees are bracing for flat salary hikes and deferred increments in 2024 due to global challenges impacting company operations.</li><li>Average salary appraisals are expected to range from 8.4% to 9%, with a focus on stabilizing headcounts and enhancing gross margins. Companies like Infosys, Wipro, HCLTech, and TCS are implementing different approaches to pay hikes, with some opting to skip or selectively roll out increments.</li><li>The sector, valued at $250 billion, is also experiencing a slowdown in hiring activities. This shift in trends reflects the industry's efforts to navigate economic uncertainties while prioritizing operational stability.</li></ul>

Indian IT sector employees likely to see flat salary hikes and deferred increments this year

Discover more