KOLKATA: It's the festive season that brings extra cheer for professionals in new economy sectors, thanks to the established concept of half-yearly performance appraisals in firms involved in IT/ITeS, retail and financial services.
But star performers in these happening sectors may have to be content with tiny pay hikes this Diwali. The US subprime crisis coupled with a sharp strengthening of the rupee is tipped to hit mid-term salary hikes for IT and BPO personnel by nearly 25%.
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Thursday, October 4, 2007
Rising rupee, subprime to hit pay hike
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