How much salary hike in service based companies?
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Service-based firms like Infosys, TCS, or Wipro may offer a rise or salary increase, but it will depend on a number of factors, including the company’s financial performance, industry trends, and individual employee performance. These businesses usually give their workers annual pay increases, which usually range from 5% to 15%.
It’s crucial to remember that these numbers are approximations and may change from year to year. As part of their annual appraisal process, the corporations typically disclose the percentage of compensation hikes that they will be implementing. Performance, market conditions, and other criteria are taken into consideration when evaluating personnel.
For the most accurate and up-to-date information on the salary hikes provided by these companies, it’s best to directly check with the respective companies or refer to recent reports or announcements from them.