IT, BPO staff may see 10-12% salary hikes: Mittal

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When the IT and BPO industries in general are bracing for a hike in appraisal process currently, Som Mittal, president, Nasscom said the its employees may see 10-12 per cent salary hikes during 2011-12. Mittal further explained that about 18.5 per cent growth is expected in the IT and BPO industry in the present financial year and the 16-18 per cent further is likely in the next fiscal which would facilitate the salary hikes. “A related aspect is decline in attrition rate. Now it is down three per cent to 16 per cent. We expect it to come down further,'' he added. The Nasscom's recruitment projection for 2011-12 is 2.40 lakh. “Almost this is same with the recruitment happened this year. Campus hiring in January 2011 was about 1.20 lakh,” Mr Mittal said. The IT industry continued to be the preferred choice by the youngsters, he claimed.

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