What do early salary hikes at Infosys say about India's IT sector

Infosys usually rolls out hikes in June by sending revision letters for increments effective from April. However, this system was not followed in 2024 for the appraisal cycle of September 2022-October 2023 India’s largest IT services firm Infosys has announced that it will roll out annual salary hikes starting as soon as February. People familiar with the developments told the Economic Times that the company’s chief human resources officer told employees that “those falling at and below job level five will receive hikes with effect from January 1 and those at job level six and above will get the revised pay from April.” He added that managers have already shared their ratings based on the performance and evaluation criteria of the employees and that feedback on the same has been shared with HR. The IT sector, which is on the path of recovery, is expected to witness 15-20 per cent growth in job opportunities across various industries in 2025, talent solutions company NLB Services said last year in December. Fresher hiring in the Indian IT sector is poised for significant growth, with an anticipated increase of 15-20 per cent in job opportunities across various industries.