Salary hikes declined to 18-22% for IT job hoppers

Hikes for IT job hoppers have significantly decreased. Software companies are now offering an increase of 18-22% to job switchers.

Legacy coding skills have seen the most pronounced decline in compensation, while skills in artificial intelligence (AI) and cloud infrastructure continue to be in high demand.

The IT job market has shifted from a job seekers' market to an employers' market, with employers offering typical hikes of 20-30%.

Professionals with skills in cloud computing, full-stack engineering, data analytics, and data science, continue to be in high demand.

Investment in digitization has led to exceptional salary hikes, reaching 35-40% for niche roles in areas like AI and cybersecurity, as companies seek specialized talent.