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Tech firms may hike pay by 120% to hire, retain niche talent

People in high demand include full-stack engineers, data scientists, data engineers and backend engineers, according to recruitment consultancy firm Xpheno

Source | economictimes.indiatimes.com | Priyanka Sangani

Indian tech firms are expected to hike salaries or counter offers by 60-120% next year to attract and retain talent with niche technology skills, according to staffing services providers.

People in high demand include full-stack engineers, data scientists, data engineers and backend engineers, according to recruitment consultancy firm Xpheno.

“The war of wages put the negotiating power back into the candidate’s hands. Talent with niche digital skill sets in demand across enterprises saw a sharp rise in valuation and resultant remuneration changes,” said Kamal Karanth, cofounder of Xpheno.

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Source
economictimes.indiatimes.com
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