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Date: Fri, 31 Mar 2023 17:49:46 +0000 (UTC)
From: Janice Dorgan <janice.dorgan@a3.whitepapercart.com>
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Subject: IT sector is estimated to get the lowest hike of a decade- Deloitte
 study
Reply-To: Janice Dorgan <janice.dorgan@a3.whitepapercart.com>
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To: "takahiro.s@saraya.world" <takahiro.s@saraya.world>

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Hi Takahiro,
According to a study done by=C2=A0Deloitte India, Indian companies are
expected to see average pay increases of 9.1% this year, down from
9.4% last year, as clients cut spending on IT. Apart from this, the
impact of the recession will bring attrition in the IT industry to
pre-covid levels too.
=E2=80=9CThe IT sector is estimated to get the lowest hike of a decade led
by IT product firms and digital e-commerce companies," said Anandorup
Ghose, partner,=C2=A0Deloitte=C2=A0India.
In the midst of a crunch at its global clients and a large banking
crisis in the west, the IT sector has faced almost a year of hiring
frenzy buoyed by strong demand for IT professionals across industries.
There are several foreign tech companies that have laid off their
employees because of the overhiring. This has impacted the Indian IT
industry also.
The Life Sciences and Manufacturing sectors will have the largest
increases in 2023, according to Deloitte research that gathered
information from 300 organisations' HR directors across 25 different
industries. Both are anticipated to implement 9.5% increases compared
to a real increase of 9.7% last year.
The=C2=A0Deloitte study=C2=A0also revealed that the lack of visibility of
skillsets in the Indian market has also affected the business and this
needs to be changed to move up the ladder.
=C2=A0
Best Regards,
Janice Dorgan
If you would prefer not receiving our emails, please click
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<body data-gr-ext-installed=3D"" data-new-gr-c-s-check-loaded=3D"14.1102.0"=
>Hi Takahiro, 
 
According to a study done by=C2=A0Deloitte India, Indian companies are expe=
cted to see average pay increases of 9.1% this year, down from 9.4% last ye=
ar, as clients cut spending on IT. Apart from this, the impact of the reces=
sion will bring attrition in the IT industry to pre-covid levels too. 
 
=E2=80=9CThe IT sector is estimated to get the lowest hike of a decade led =
by IT product firms and digital e-commerce companies," said Anandorup Ghose=
, partner,=C2=A0Deloitte=C2=A0India. 
 
In the midst of a crunch at its global clients and a large banking crisis i=
n the west, the IT sector has faced almost a year of hiring frenzy buoyed b=
y strong demand for IT professionals across industries. 
 
There are several foreign tech companies that have laid off their employees=
 because of the overhiring. This has impacted the Indian IT industry also.<=
br />
 
The Life Sciences and Manufacturing sectors will have the largest increases=
 in 2023, according to Deloitte research that gathered information from 300=
 organisations' HR directors across 25 different industries. Both are antic=
ipated to implement 9.5% increases compared to a real increase of 9.7% last=
 year. 
 
The=C2=A0Deloitte study=C2=A0also revealed that the lack of visibility of s=
killsets in the Indian market has also affected the business and this needs=
 to be changed to move up the ladder. 
 
=C2=A0
<p style=3D"box-sizing: border-box; margin: 0px 0px 10px; padding: 0px 0px =
11px; font-family: &quot;Segoe UI&quot;; font-size: 16px; font-style: norma=
l; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: =
400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0p=
x; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;=
 -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-d=
ecoration-style: initial; text-decoration-color: initial;">Best Regards, 
Janice =
Dorgan 
 
 
If you=
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