As per a Deel report, despite a 3 per cent increase in nominal salaries, inflation has outpaced this growth, resulting in a 2.5 per cent decline in real earnings year-on-year (YoY)
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Major Indian IT firms have significantly reduced salary hikes for entry-level employees, offering increases between 5 per cent to 9 per cent, while C-suite executives continue to enjoy soaring compensation packages
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The company explained in a statement that this distinction was lost in the public discourse, leading to misconceptions about its compensation practices
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