Indian techies may be in for a long wait as IT firms defer hikes

Indian IT employees are experiencing varying increments this year, reflecting the challenges posed by a softer business environment. Several leading IT companies have made different decisions regarding salary hikes for their employees.

According to a TOI report, Infosys and HCLTech have chosen not to implement raises this time. Typically, Infosys announces its salary hikes in June/July, with them taking effect from April. HCLTech has opted to skip increments for mid to senior employees in this fiscal year and has postponed raises for junior employees by a quarter.