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HCLTECH SALARY HIKE
HCLTech rolls out salary hike after Q2 resultsThe increments, which will be effective from this month, will be of the order of about 7%. Earlier, the IT major reported a profit after ta...- IT salary growth: Infosys, Wipro hike median pay by 30% since FY21Indian IT firms like Infosys and Wipro have seen median salary increases of 30% since FY21, while Tech Mahindra's pay remained flat recentl...
- IT salaries hit the brakes! Salary hikes in 2025 may not be what you expectSalary increments in India's IT sector for 2025 are projected to be 4-8.5%, reflecting a cautious approach due to global economic challenge...
- IT firms see revenue growth outpacing headcount, says HCLTech CEOHCLTech CEO C Vijayakumar highlights the rising demand for skilled IT professionals despite slower headcount growth, leading to higher wage...
- HCLTech rolls out 1-4% wage hikes for junior employeesThe new wage hikes announced are being rolled out for the third quarter from October to December. HCLTech, which will report its third quar...
- Microsoft’s $3 billion India AI bet; Mobikwik earningsMicrosoft announced a $3 billion investment in India to strengthen AI and cloud infrastructure. This and more in today’s ETtech Top 5.
- The new reality of IT raises: Why your next pay hike could be months awaySalary hikes in IT companies are shifting from the traditional April-June period to later in the year, introducing unpredictability. Raises...
- IT salary: Infosys, Wipro & TCS' average salary hikes are down to single digitsIn FY 2023-24, major Indian IT firms like Infosys, TCS, Wipro, HCLTech, and Tech Mahindra reduced salary hikes to 5-9% due to economic pres...
- HCLTech bucks trend again, headcount rises by 2,725 employeesFor the full year as well, Noida-headquartered HCLTech added 1,537 employees from overall headcount of 225,944 in March end 2023. Similarly...
- IT services companies may roll out 8.4-9% salary hikes this yearIn 2024, IT majors are expected to give average salary appraisals of 8.4-9%, similar to the 8.5-9.1% average increases recorded in 2023, ac...
- Top four IT firms report 50,000 fall in headcount over last yearOver the year, the headcount at India’s largest software services firm, TCS, dropped by 10,669. Infosys reported a 24,182 reduction, while ...
- IT pays? Now not much higher for the new hireThis fiscal, software firms are offering hikes of 18-22% to those jumping jobs, while earlier, such candidates would command an increase of...
- Tech majors may reduce pay hikes by half as slump hurtsOver the last three years, as per data by Xpheno, IT Service bellwethers have collectively increased compensation costs by 64%, while colle...
- HCLTech may not offer wage hikes to middle and senior-level staff in FY24The classification of E0 – E2 employees range from freshers to technical leaders and E3 – E6 employee band are those with mid-level positio...
- Wipro to roll out annual hikes effective December 1The Bengaluru-based information technology firm had postponed the hikes, due in September, by a quarter due to macro headwinds and margin p...
- Indian techies may be in for a long wait as IT firms defer hikesInfosys and HCLTech have chosen not to implement raises, while Wipro has postponed its announcement to the third quarter. Tech Mahindra has...
- Nil to 1% hikes for LTIMindtree employees after months of delayET could not independently verify the share of the employee base that received such hikes but sources confirmed that a majority of junior t...
- HCLTech CEO C Vijayakumar’s salary dips 80% in FY23The sharp fall in his remuneration was due to the absence of the long-term incentive component, which will be paid next fiscal year, the co...
- Headcount at big 4 Indian IT companies dips in Q1ET had previously reported that Q1 headcount growth for the IT majors is expected to be flat, in line with the numbers reported for the Jan...
- Slow tech spends hit IT staff’s walletsDeferred hikes, reduced variable pay as well as delays in onboarding hires at IT companies. India's third-largest IT firm HCLTech told ET t...
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