Nearshore Americas
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Tech Salaries in India Set to Go Up: Survey

IT services providers in India are set to raise salaries for their employees this year; BPOs too would increase pay, but not as much as their IT peers, according to a study by advisory firm Willis Towers Watson.

In the tech sector, some high-skilled professionals may see their salary go up by more than 20%. However, considering the report, BPOs will increase salary on an average of 6%.

Overall, salaries will increase by 6.4% on average in 2021. Employees in technology firms may see their salary increase by 8%.

“High tech, pharmaceuticals, consumer products, and retail project a median salary increase of around 8%, which is more than the general industry projection,” the report stated.

Of the surveyed companies, 37% have projected a positive business revenue outlook for the next 12 months, up from 18% in Q3 2020.

Rajul Mathur, Consulting Head – Talent & Rewards, at Willis Towers Watson India, says some companies will increase salaries in recognition of employees’ good performance in a virtual work environment.

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Narayan Ammachchi

News Editor for Nearshore Americas, Narayan Ammachchi is a career journalist with a decade of experience in politics and international business. He works out of his base in the Indian Silicon City of Bangalore.

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