Telcos, gear vendors to likely hike salary to strengthen retention amidst 5G roll outs

Mumbai: The telecom industry is expected to give out salary hikes in the range of 10-12% for this cycle, with operators including cash-strapped Vodafone Idea and equipment vendors likely to give higher raises than handset makers as the former two segments would want to ensure retention of employees amidst 5G roll outs.

Stung by weak demand and falling sales, handset makers on the other hand are expected to give hikes in the 8-10% range, though some of the larger ones may give increments up to 13%, staffing firm executives added.