IT
Staggered pay hikes in IT industry are the new normal: LTIMindtree CEO
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Bengaluru | Mumbai: The IT industry is at an inflection point and staggered wage increases are the new normal, LTIMindtree MD & CEO Venu Lambu said, as the company announced its annual increments will now be split into two tranches, with the rewards tied to AI reskilling.
“We’re going through a very interesting strategic inflection point. I think increment is going to be a multi-event cycle in a year,” he said, adding the firm is tying rewards to milestones in large-scale AI reskilling.
“We’re going to start the wage hike starting from January, which…
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