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What we predicted earlier this year is now coming true. Salary increments in IT companies are lower this year than it has been in previous years. In some cases, significantly so. EDS is giving an average increment of only 8% to 10% this year , substantially lower than the 18-20 % it gave last year. “In some cases last year, it even went up to 40-50 %,” said an employee of the company. That’s the increment trend across the tech sector. “We have received lower increments this year,” said an employee of Infosys Technologies. “Laterals got only some 8% hike. A company security policy e-mail has also asked us not to share such details with anyone outside.’’ Mohandas Pai, head of education traini...
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Antony Eda
| Commented
| 3 years ago
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Much better than no hikes or salary cuts.
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Gargi Sinha
| Commented
| 3 years ago
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Getting an hike in this downturn is a great news than getting laid off or cutting cost. The economic situation is such that employees are scared they may be shown the way out. In this situation getting a hike in salary, let it be 8% it worth...
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Trends: "Salary increments hit single digit" deleted from your view.
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Career opportunities, location of workplace and work profile are the main factors that influence the decision of young employees (below 25 yrs of age) to choose their place of work, as revealed in a survey by global research firm Synovate for staffing services company TeamLease Services Pvt. Ltd . At least 90 per cent of young employees polled in seven of the eight cities voted for career opportunities as the most important factor, followed by job profile (80 per cent) and commuting convenience. Respondents picked high compensation as the main reason for staying with a company while stress and work-life imbalance are the main factors that influence them to quit jobs. The survey was conducte...
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Gargi Sinha
| Commented
| 3 years ago
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I Agree that stress and work life imbalance are the main factors that influence them to quit jobs plus the main motivator the money. Yes career should be the initial option for every young employees. Young employees should not fall for money. I...
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sagi srinivasa rao
| Commented
| 3 years ago
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hello senthil, one can think only for the career at that stage,after gaining the experiance he can think for other aspects. but initially career is the only option.
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Trends: "How Young Employees Decide Where To Work?" deleted from your view.
Desired Candidate Profile: Candidate with min 4+ yrs of experience in Payment background. Candidate should have strong coding and development skills. Candidate must have worked on all the skills set ...
Job: "Senior Software developer / Team Lead, Jeevan Technologies, Chennai" deleted from your view.
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In a bid to understand why employees leave an organization, more and more companies are taking exit interviews seriously and making effective changes on the feedback. Some companies are even taking services of specialized HR companies to conduct exit interviews. Exit interviews reveal a lot about the culture of a company, the management style, the compensation and opportunities for growth. With attrition rate as high as 30 per cent in sectors like BPOs, companies are curious to know why employees make that final decision. Feedback from exit interviews is helping companies come up with systemic remedies. For instance, one company revamped the entire salary structure, pruned hierarchy to enab...
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Jagdeep Kaur (vp@hrglobeconsulting.com)
| Commented
| 1 year ago
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It is very important that companies take exit interviews seriously rather than just making it a formal process to be executed just to complete the HR process.Currently it has been observed, top IT companies rarely take any steps to learn from the...
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Harshita Kesarwani
| Commented
| 1 year ago
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Exit interviews is good both for the empolyee & the organisation. Its makes a person leave the copmany the respect and a feeling that she/he is important for the company while leaving. Employee leaving mostly provides information which is of great...
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Shashikant Rajak
| Commented
| 3 years ago
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Even I feel exit interviews are essential and gives at least some info on loopholes which management needs to give a serious thought.
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Insight: "Emerging HR Trend: Taking Exit Interviews Seriously" deleted from your view.
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