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What is the average salary hike in IT companies in India?

Generally IT companies are known to be giving very low hikes provided one would have that potential. Here I have given case study of Java Developer but it would be similar for others skill sets also. No matter whether you are a Java Developer or a DOT NET Developer or a Quality Analyst or you may have any other such highly demanding IT skill,definitely you should get such hike in your salary.

But remember always ,“First Deserve Then Desire.”

salary-increase

 

Salary history of a Java developer over last 10 years :

 

2005
August : joined an IT services giant at 2.5 lakhs per annum (LPA)
December: salary revised to 2.75 LPA (+10%)
2006
June : salary revised to 3.23 LPA (+17.5%)
2007
June : salary revised to 3.93 LPA (+21.6%)
October : left existing job and joined a product development company for 5.5 LPA (+40%)
2008
March : salary revised to 6.0 LPA (+9.1%)
2009
March : salary revised to 6.16 LPA (+2.6%)
September : left existing job and joined an investment bank for 9 LPA (+46.1%)
2010
March : salary revised to 11.2 LPA (+24.4%)
2011
April : salary revised to 13.69 LPA (+22.2 %)
2012
Feb : left existing job and joined another investment bank for 16 LPA (+16.8 %)
2013
Jan : salary revised to 17.5 LPA (+9.3%)
2014
Jan : salary revised to 25 LPA (+30%)
December : Left existing job and joined another investment bank for 34.5 LPA (+38 %)

 

So, it’s shows that average job hop fetched a developer a hike of 34.35 %
Whereas average yearly appraisal cycle fetched  a hike of 18.34 %

Over a period of 10 years, the candidate’s salary increased by 12.8 times

While it might not mirror average hikes in last decade, it will give you some idea. Hope this helps. And I don’t believe that,”Salary hikes are less in the service based companies compared to Product based companies!” 

 

Source:

  1. https://www.quora.com/What-is-the-average-salary-hike-in-IT-companies-in-India
  2. https://addisnews.net/govt-announces-scale-of-civil-servant-salary-increment/24834/salary-increase

Economics I understood

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Prashant Pandya View All →

I am a full-stack engineer whose passion lies in building great products while enabling others to perform their roles more effectively. I have architect and built horizontally scalable back-ends; distributed RESTful API services; and web-based front-ends with modern, highly interactive Ajax UIs.

I deal with:

Techniques
Web applications
Distributed architecture
Parsers, compilers
Mobile First, Responsive design
Test-driven development

Using technologies :

+ASP.NET,C#,VB.NET,C++,MS SQL,ADO.NET,WCF ,MVC,Web API
+Java, JAX-RS, JavaScript, Node.js
+Ajax, JSON, HTML5, CSS3
+Mac OS X, Linux, Windows
+Android,iOS
+PhoneGap

My Qualities ,I believe :

Self-directed and passionate
Meticulous yet pragmatic
Leadership skills, integrity

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