Wednesday, 16 August, 2023

Tech Salary Hikes in FY23 Relaxed Amid Funding Constraints

In fiscal year 2023, salary hikes for tech professionals have been eased due to funding limitations. The tightening of funds has led companies to adopt a more cautious approach to salary increments. This trend reflects the impact of financial constraints on the technology sector, as companies balance the need to reward their workforce while navigating economic challenges and ensuring long-term sustainability.