IT staffers' FY25 average salary hikes likely to be 5.5-8%, say experts

Experts say top performers may continue to see increases ranging from 12-18%

After delayed hiring, layoffs, and late onboarding, employees at information technology (IT) services are staring at salary hikes in the range of low, mid to higher single digits this financial year (2024/FY25). Experts shared that the average salary hike among the top five IT firms will be in the range of 5.5 per cent to 8 per cent.

“We have been hearing that average hikes among top-tier firms will be 7-8 per cent. Of course, top performers will continue to see double-digit hikes ranging from 12-18 per cent,” said Neeti Sharma, chief executive officer (CEO) of TeamLease Digital.