According to the Salary Budget Planning Report from WTW, in India, it is expected that the average salary will increase by 9.8% in 2024. The report examines numerous job categories across multiple industries and domains. From top IT consulting firms to online food companies, there are a variety of companies that offer job opportunities. You can check company salaries, based on the different departments and positions you will be joining into. Here are the top companies highlighting growth trends and salary expectations for aspiring professionals.
Infosys
Infosys made an unexpected announcement of salary hikes for a large percentage of its personnel in 2023, during the holiday season. Unlike the usual industry norm, this IT powerhouse decided to implement salary hikes from November 1, 2023, rather than the customary April 1 of the year. This change, however, does not include entry-level professionals, and their salary increase is expected to be less than 10%.
The 2023-24 annual year reviews remunerations and recognizes and rewards employees for their extraordinary assistance and contributions to overcoming present-day challenges. The salary hikes also ensure employees are achieving personal growth and at the same time ensuring success across all aspects of business.
The average salary increase is expected to be less than 10% with increments ranging from single digits to low double digits. This salary growth strategy that Infosys has taken helps boost staff morale while overcoming industry-related challenges.
Zomato
The average base salary of a Zomato employee in a year is INR 1 million. However, this salary varies according to the different job roles that Zomato offers. From software development engineers to business analysts and regional sales managers, the company offers different job roles.
Zomato serves 25 million people across 500 cities in India and offers a business ranging between USD 3.6 billion and USD 4.5 billion. Over the years, the company has seen significant growth in creating thousands of jobs.
The company’s inclusive values, rewarding system, and benefits have contributed to creating a great working environment for employees. However, during peak times, employees may have to push themselves which can be overwhelming.
Reports also suggest that the delivery agents at Zomato earn more than any fresher software engineer. But, they also deliver more than 10 hours of duty in delivering orders in different parts of the city.
HCL
HCLTech’s fiscal year 2023 has shown an increased headcount of 3,674 employees. It is among one of the few top IT firms that has shown an increase in employee count. The average base salary to work at HCL is INR 883,132. Depending on the job titles the salary may range from INR 317,193 to INR 2,382,671, every year. Usually, employees with Senior Solutions Architect job titles earn the most in HCLTech. However, Customer Service Associates people get the lowest salary at this company.
To ensure a growing work culture, HCL offers feedback and performance reviews for employees. Based on the reviews, employees get promotions or rewards, recognizing the hard work that they put into the company’s workforce. The growth trends of HCL also include the use of technology-backed solutions like in-house apps which employees can use to create innovative solutions for clients.
Wipro
The average base salary of Wipro employees is INR 784273 in 2024. It is an estimate that varies from one position and job role to another. Generally, employees at senior manager and executive levels are paid higher salaries than people who work as Customer Service Associates. This is common in every IT firm and that includes Wipro.
Wipro has gained the reputation of being among the top IT companies in India. Other than offering IT services, the company also provides outsourcing solutions and business consulting to clients. The training programs of Wipro make it a favorable place to work, especially among freshers. However, the company also has senior leadership programs for offering personal growth to senior executives.
Takeaway
Depending on the industries, companies, and job roles, the salaries may vary. If you have a position in mind, you can read company reviews by employees and see if they’re hiring for the position. Due to the recession, many companies are freezing fresh hiring, it this important that you talk to HR, if you’re selected for the role.