Appraisal time is here. However, it is unlikely to bring much cheer to those working in the IT sector as the increments are expected to be lowest in the past three years. experts believe increments may be at an Average rate of 8% compared to 15% last year.
IT companies have seen a significant increase in input costs, but there has been no proportionate rise in revenues, said industry leaders.
Gujaratis emerging as an important destination for the IT industry, and experts believe that the availability of the talent pool has improved, which will continue to boost the IT sectors Growth here. IT companies in the state are evolving, and professionals with expertise in new technologies will continue to get heftier rewards. After the pandemic, Gujarat-based IT professionals have seen their salary packages increase by more than double due to the high demand for talent.