IT firms go slow on hiring, salary hikes: Report

Tough times call for tough measures. Software services providers, hurt by the overall slowdown in clients spends are going slow on their hiring plans for the year, according to a report by The Hindu Business Line newspaper.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Masteryourmoney Earnings
moneycontrol.com

sme special

Home » News » Business

Jan 08, 2013, 10.20 PM | Source: Business Line

IT firms go slow on hiring, salary hikes: Report

Tough times call for tough measures. Software services providers, hurt by the overall slowdown in clients spends are going slow on their hiring plans for the year, according to a report by The Hindu Business Line newspaper.

Like this story, share it with millions of investors on M3

IT firms go slow on hiring, salary hikes: Report

Tough times call for tough measures. Software services providers, hurt by the overall slowdown in clients spends are going slow on their hiring plans for the year, according to a report by The Hindu Business Line newspaper.

Post Your Comments

Share Cancel

Tough times call for tough measures. Software services providers, hurt by the overall slowdown in clients spends are going slow on their hiring plans for the year, according to a report by The Hindu Business Line newspaper.

Campus recruitments have been delayed, lateral hiring has been put on hold, and salary hikes to existing employees may also be lower this year, the report said.

Companies such as HCL Technologies have not inducted fresh engineering graduates, who were given joining letters based on a test conducted on September 30, it said.

"Considering some of the pressures in the IT industry, we do expect that the salary increases could be lower than last year. We will take a decision only in July after we review the market situation," Farid Kazani, Group CFO, Mastek , told the paper.

Also Read: Q3 preview: Weak client spend to hit IT, TCS seen gaining

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
IT firms go slow on hiring, salary hikes: Report

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login