Summary
IT services companies are trying various models to ensure ‘longevity’ of employees. These include more concessions, opening of centers in Tier-II cities, closer fringes, faster promotions and increase in fresh appointments. However, employees appear to have merit in moving to better remuneration rather than being driven by concessions to continue.
When laying off employees becomes a crisis and companies can’t do much to retain employees, it’s probably time to start looking at the merits in employee brainstorming. “It is good, clearly the industry is growing,” says Sangita Gupta, senior vice president and head. Strategy Officer, NASSCOM. HR heads such as Harshvendra Soin, Global Chief People Officer and Head of Marketing, Tech Mahindra, echoed the sentiment and said, “This is not unusual. have high growth
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