Earlier before pandemic the salary on an average was YOE x 2.5 means
5 yoe was 12.5 lacs appx and so on

Now it has just got increased by factor of 3 or 3.25 i.e. 8 year of work ex 8x3 = 24 -27 lacs

What do you think has led to this shift?

P.S : This is just a generalised observation. If you have different notion, it may be some availability bias.

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The hiring was less in 2020,2021 and most of the projects were ramped down in couple of companies so people were laid off

Now all the budget in hand and many resigned before great resignation momentum started as ppl started exploring freelancer options instead of slogging 12-14hrs for the company

Now this led to shortage of resources and now companies are splashing the money left and right

This normalise in some years as I hope the yearly hikes will be minimal so that everyone will be brought to same level after a particular time

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You can’t generalise. Salary depends on skills. A Data Scientist Salary is different from Software Developer Salary which differs if developer has Cloud skills. Personally I’m a Software developer with cloud skills having YOE * 10 package

So Azure/AWS Developer skills has the potential to go in the market for 10*YOE

Would like to know more about it💝

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