Mid-Size IT Firms Offer Higher Salary Hikes Than Tech Giants

Imagine two groups of tech companies: big ones and smaller ones.

The smaller ones, like KPIT and Hexaware, are giving bigger raises to their employees (up to 11%) than the bigger companies like TCS.

This is happening because the smaller companies need to keep talented people working on important technology stuff like the cloud, data, and AI.

The bigger companies are being careful with their money because the economy is a bit uncertain, and they are still figuring out how to best use AI.

Even though the raises are slowing down, India's IT salaries are still higher than those in many other countries.

Experts say that as AI gets more important, some employees with special skills might get even bigger raises, but others might not see much of a change.