IT salaries hit the brakes! Salary hikes in 2025 may not be what you expect
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«The outlook for salary hikes this year is quite cautious,» PTI quoted Krishna Vij, Vice President at TeamLease Digital. «Industry players are looking at increments in the 4 per cent to 8.5 per cent range, which is lower than what we've seen in previous years. This slowdown is largely due to global economic challenges, reduced discretionary spending, and shifting business priorities.»
Firms are adopting a conservative approach to salary budgets, with some delaying appraisal cycles beyond the traditional April-June period. This has introduced uncertainty into salary revisions, making them less predictable in the current business environment.
«Organisations are shifting to skills-based pay, leveraging Tier II hiring for cost efficiency. Instead of salary hikes, retention bonuses, ESOPs, and project-based incentives are being implemented as compensation strategies,» Vij added.
Janoo Motiani, CEO of Reed & Willow, echoed similar sentiments, forecasting a salary hike range of 5-8.5 per cent.
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