Wage growth soars above revenue growth at most IT firms3 min read . Updated: 26 Jul 2022, 07:52 AM IST
Salary hikes, promotions and new benefits do little to arrest attrition
MUMBAI/NEW DELHI : India’s tech giants—Tata Consultancy Services Ltd (TCS), Infosys Ltd, Wipro Ltd, HCL Technologies Ltd and Tech Mahindra Ltd—have seen their employee expenses soar in the June quarter as they raised salaries to keep workers from quitting.
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