India’s Salary Hike Slows Down

Economic Times reports:

* The average pay hike at Oracle India as well as Oracle subsidiary i-Flex solutions is down to nearly 7-8%, dipping to 5% in some cases. The average salary hike at Oracle India last year was 12-14%.

* IBM India is attacking fringe benefits offered to its middle management — it has withdrawn the free-housing (on lease) facility recently.

* TCS has said its wage increases this fiscal will be in the range of 8-10%, against 13-15% last year.

* Wipro, too, is likely to go for an 8-10% hike this financial year, compared with 12-13% in 2007-08.

* Infosys’ offshore employees will get 11-13% wage hike this year, against 12-15% last year.

* ICICI, the country’s largest private bank, said it would not announce any annual promotions and large bonuses this year.

Comments

[…] check out reports of pay hikes starting to slow down. here’s the full report from the economic times. this partly could be due to the exchange […]

Crazy Salary Scales in India Monday, May 5, 2008 at 1:17 AM PT

this is happening sooner than i thought, but it’s inevitable.

Spandana Monday, May 5, 2008 at 1:19 AM PT

I can feel the jealousy in the previous comment and the extended article.

What is funny is that people who have left India for a “better future” can not stand fellow Indians who are doing well. A person sitting at Cisco or Nortel in Bangalore with over 5 years of exp., is of same expertise and caliber (and sometimes even better!) as compared to most their counterparts in the US or Canada. I can say that as I have seen them very closely.

Let us stop complaining and get better in what we do.

Satya Narayan Dash Monday, May 5, 2008 at 3:09 PM PT

hi satya narayan dash,

as is evident from my blog, i actually returned from the US to bangalore., jealousy, is probably a wrong characterization.

saying the people in bay area “can not stand fellow Indians who are doing well ” shows a prejudice. many indians living/working/doing well aborad IS one of the primary reasons bangalore/indian IT is doing well.

• spandana

Spandana Tuesday, May 6, 2008 at 12:40 AM PT

This blog talks abt salary hike at Oracle India. How can I not talk abt it??

I joined Oracle 2.5 yrs back. Oracle doesnt have any appraisal cycle. Last december they have few pple arnd 4-8% hike, but mostly there hasnt been any appraisal for the past 3 yrs. And nothing has been talked abt for 2008. 🙁

Oracle Employee Tuesday, June 17, 2008 at 6:10 AM PT

Cisco India Has not given Hike for the past 2 yrs to more than 90% of INDIAN Employees.

Wierd thing is they conduct Appraisals regularly.

Cisco Monday, August 18, 2008 at 12:57 PM PT

How much salary can a fresher @ cisco expect…?
will there be no hike in the salary?

Sai Manoj Wednesday, August 1, 2012 at 10:04 PM PT

Sai Manoj, This is a really old thread. Anyway, if you are interested in such salary related information. You should use a tool like zuby.in.

tr1 Monday, August 6, 2012 at 11:11 AM PT

That’s a good thing, I think. Otherwise, the golden goose will be dead soon!

Sramana Mitra Tuesday, August 19, 2008 at 2:06 PM PT

oracle employee:

2012: same case, no talk of hike so far. this is pathetic where ceo loses company profit on worthless suits.

oraemployee Thursday, August 30, 2012 at 12:01 PM PT