I have been working in IT industry for more than 4 years and I have never got a pay hile of more than 10% except the first year when I was made a confirmed permanent employee of my first company. So, it is just a media made hype about IT cos. providing 20 - 30% hikes. And mind you my appraisal ratings have been very good throughout my career. Basically, it is the BIG-shots who get huge hikes and this cost is averaged per emloyee by the media to make a bloated figure. Now, this cut in Varibale pay is going to hurt junior level employees the most, becuase the variable pay is much more than the basic salary in IT industry, sometimes even more than twice or even thrice. So, it is really a PAY-CUT for IT employees.
