India Technology Industry Compensation Benchmarking Survey Findings: 2023

The findings presented in this report are based on a Technology compensation benchmarking survey conducted by Deloitte and supported by nasscom. The report focuses on key imperatives that have changed in the technology industry in the last one year including benefits and rewards, new-age skills accruing premium benefits, learning & development opportunities and other HR strategies followed by organizations.

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Key Findings

Talent Development: Focus on building skill-based organizations where the workforce is highly capable, innovative, and responds to changes effectively
Organizations continue to differentiate top performers and reward exemplary performances thereby fostering a culture of excellence and retaining key talent

There is a shift to Skill Based Organizations with companies leveraging a common skills framework for career progression
The key drivers for L&D Initiatives include upskilling employees to build business-centric capabilities, talent attraction and retention, engagement & positioning as the employer of choice

Organizations are offering new-age benefits and personalized benefits as part of their total rewards to keep up with the needs of millennials & to attract and retain high potential talent
To thrive in a tough economy, executives look to use human-centric work models, AI automation and data-driven approach to attract new talent & boost employee performance

Total rewards continue to be the most significant motivating factor for campus students
75% of Gen Zs and millennials would prefer working patterns where they either split their time between remote and on-site work or work entirely from home

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