<ul><li>Salary hikes for technology workers switching jobs have dropped by nearly half from the previous financial year due to slowing demand for tech services globally.</li><li>Software firms are now offering hikes of 18-22% to those jumping jobs, while earlier, such candidates would command an increase of over 40% — even up to 100-120% — in remuneration,&nbsp;according to data from staffing firms accessed by ET.</li><li>Offer ranges for many roles have dropped by as high as 35% - 40%, and the current salary ranges in offer are well in the moderated zone with no unusual hikes in play.</li><li>Full stack engineers are witnessing an average of 8%-16% drop to getting Rs 12 - 28 Lakh per annum this year as compared with Rs 15 - 32 Lakh per annum in FY22.</li></ul>

Software companies only offering 18-22% hikes to job jumpers

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