Salary increase of Infosys, TCS, Satyam and Wipro will remain insulated
Good news for IT Companies, There will not be going to be any trouble in salary increase this year even in high inflation rate and economy slowdown.
A study conducted by Hewitt Associates for Indian companies to understand the impact of economic slowdown on compensation and salary trends in India has found that 63 percent of the organizations surveyed said that inflation and rising input costs have been discussed and considered in the context of their salary increase budgets for 2009. However, the year 2008 has still seen a strong average salary increase of 14.8 percent. The global economic slowdown, US sub-prime crisis and rising inflation have caused Indian companies to revisit budgets for 2009; and the average salary projections for the coming year are lower by a percentage point at 13.9 percent.
full report is here
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