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Wage Hikes: The Biggest Challenge For Indian IT Companies
Why pressure on margins of IT firms is only likely to increase.
24 Oct 2021, 11:10 AM IST
Wage hikes to curb employee churn have been weighing on the profit margins of India's top software services providers even as demand and client spending on technology rise. That's only going to worsen over the next few quarters at least.For Wipro Ltd. and HCL Technologies Ltd., it's been a bigger problem. The total wage bill comprising employee salary and subcontracting costs jumped for the two companies in the second quarter.Here's ...
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