Soaring staff costs may trim FY24 IT pay hikes to 8-­10%

Salary hikes in FY24 will take a hit after companies saw employee costs soaring in the last fiscal, said HR experts who expect 8-10% hikes compared to 10-11% hikes seen last year.

Majority of the employees are expected to get the lower end of the range with stringent checks on contribution to business, experts added.