Soaring attrition, employee cost overload put IT companies in a bind

Sector experts, striking a note of caution, say the war for IT talent may continue until the time industry-ready manpower pool is expanded significantly. With IT companies compelled to fill vacant positions to serve incoming demand, and non-tech firms on the prowl for tech talent to serve the needs of their digitally-savvy consumers, market watchers … Read more

Variable pays take hit in IT firms- The New Indian Express

Express News Service NEW DELHI: As many IT companies are facing margin pressures due to increases in employee costs and inflated attrition levels, top IT service providers either announced deductions or delays in performance-linked incentives or variable pay last week. IT giant Infosys has deducted 30% of the average variable pay of employees for the … Read more