Banking, IT to see muted salary hike of 8-12%

At a time when inflation and rising oil prices are pinching hard, there’s some more bad news. The blue-eyed sectors like banking and financial services, IT, BPO, real estate and auto, which usually steal the show in terms of highest salary hikes, are going to significantly cut down on increments this year. HR circles contend professionals in these sectors are likely to see an average salary hike of around 8-12 % this year as compared to 15-20 % last couple of years.

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