Salary hike in current scenario - IT companies

Hi All,

Request your input.

Please let me know what would be the percentage of salary hike for IT company staff for the year 2009, taking into account the current economy slowdown.

IT professionals - ?
Admin, Sales, Finance - ?

Your inputs would be of great help

Thank You
Sonia

SALARIES DURING 2009 WILL BE REDUCED DUE TO RECESSION ON OUR PLANET EARTH.

IF YOU ARE FROM VENUS OR MARS PLEASE LET US KNOW WHATS HAPPENING THEIR IN YOUR PLANNET?

BADLU

Sonia,

In the current economic scenario, I guess mostly the companies would be maintaining the same salary nos of the year 2008. And try to reduce the operational cost which is basically cost management. The companies mya try to reward the outstanding and exemplary performers in some different way may be.

I am from an IT company and dont see any hikes here :-(

- Payal

Thanks Badlu & Payal.

Request inputs from other seniors as well.

Kindly revert.

For IT Professionals : Max Salary Hike can be 10 - 15 % (If Candidate is good score in interview ).....

Other Domain : No Idea

Dear Sonia,

The salary hikes in IT firms currently depends upon majorly the kind of business they are having that is what would be the net earnings and profits as well as number of employees apart from the perfomances of employees.

Some companies have decided NOT to give any salary hikes to cope up market downturn, some have asked their employees to take a salary cut so as there should not be any layoffs, where as some are offering a hike of 7% to 15%, saying that 15% hike will be awarded to employees who have performed exceptionally well in their area of expertise.

For Sales force their performance appraisal would be directly result of the targets achieved and businesses retained and acquired for the parent compnay.Generally they have a percentage in their salary structure for financial targets achieved during the previous year.

For Admin and Finance the hikes should be again 07%-15% based on their output, effectiveness and productivity.

warm regards
Sourabh

Ashok, your inputs would be helpful.

I would also like to get infor from our other friends in cite hr.Do you have any friends in HR department in other IT companies.

I am trying to get the contact numbers of such members so that I can interact with them directly on this.

How do I get the contact numbers?

Thanks
Sonia

Sourabh,

A great help. Your help much appreciated.

I am gathering inputs from other friends present here. How can I reach them.I have got only few response for this query of mine.

Thanks
Sonia

Hike which we have given is 10% in current situation ( IT Company )

Dear Sonia,

The salary hikes in IT firms currently depends upon majorly the kind of business they are having that is what would be the net earnings and profits as well as number of employees apart from the perfomances of employees.

Some companies have decided NOT to give any salary hikes to cope up market downturn, some have asked their employees to take a salary cut so as there should not be any layoffs, where as some are offering a hike of 7% to 15%, saying that 15% hike will be awarded to employees who have performed exceptionally well in their area of expertise.

For Sales force their performance appraisal would be directly result of the targets achieved and businesses retained and acquired for the parent compnay.Generally they have a percentage in their salary structure for financial targets achieved during the previous year.

For Admin and Finance the hikes should be again 07%-15% based on their output, effectiveness and productivity.

warm regards
Sourabh