The IT industry is experiencing a sharp slowdown, leading to companies being selective about annual salary increments. Performance and tenure are now key factors in determining who receives hikes. Infosys, Wipro, and HCL have deferred their increments, with Infosys announcing hikes effective November 1. However, they have excluded certain employees. HCL has rolled out hikes for junior employees only, while Wipro has excluded top performers with high salaries. These changes in salary increment models are part of a larger strategy to maintain margins in a weak environment.
Posted from: this blog via Microsoft Power Automate.