According to the The National Association of Software and Services Companies (NASSCOM), IT industry average salary hike, last year was 6-8 per cent.
“This year would see increments of 8-10% across the IT industry, but talent in niche technologies may get almost double the increments of an average performer,”
Nascom Senior Vice President Sangeeta Gupta said
She said that professional services firm Aon and Human Resource consulting firm Mercer also expressed the possibility of about 10 per cent increment in the IT sector. However, the best performers in the field and engineers working in Artificial Intelligence, Cyber Security and Blockchain can get up to 20% salary hike.
Engineers working in the field of the IT sector can get better-paying jobs this year, along with better increments. This increase in salaries and opportunities are manly due to the increase in demand in emerging areas like machine learning and robotics.
“The IT industry is demonstrating a positive outlook this year with a salary increase of 0.6% compared to last year. The business outlook exhibits an upswing driven by a greater uptake of solutions focused on automation, analytics, deep domain expertise and cloud deployment,”
Anirban Gupta, senior consultant at Aon India Consulting