Bengaluru: Indian startups are likely to give their biggest salary hikes in four-five years during the upcoming appraisals, on the back of robust growth, record investments in the sector and in a bid to retain key performers amid an intense war for talent in the technology space.
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Startups set to loosen purse strings for bigger pay hikes
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Compensation experts said average salary increments at startups are likely to be in the range of 12-15% and among the highest across sectors.
By Sreeradha Basu & Brinda Sarkar, ETtechFeb 06, 2022, 06:00 AM IST1
Bengaluru: Indian startups are likely to give their biggest salary hikes in four-five years during the upcoming appraisals, on the back of robust growth, record investments in the sector and in a bid to retain key performers amid an intense war for talent in the technology space.
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Compensation experts said average salary increments at startups are likely to be in the range of 12-15% and among the highest across sectors. Several startups ET spoke to said they are planning 15-25% average hikes, with the top performers getting much more than that.
“We see tech-based early-stage companies improving their pay increases this year; we expect it to go back to four-five years ago when the average increment in this sector was to the tune of 12-15%,” said Anandorup Ghose, partner at consultancy firm Deloitte India.
