Rupee hits IT salaries
New
Delhi,
Nov
25,
2007
:
The
IT
sector
which
has
been
doling
out
some
of
the
biggest
pay
packets
for
the
past
few
years
seems
to
be
slowing
down
and
the
reason
here
is
the
rising
Rupee.
With
company
earnings
on
a
downhill;
employees
obviously
are
also
feeling
the
heat.
An
Assocham
Eco
Pulse
study
has
revealed
that
in
companies
like
Wipro,
TCS,
Satyam
and
Infosys
last
year,
salaries
grew
by
as
much
as
64%,
but
this
year
it
was
down
to
25%.
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Story first published: Monday, November 26, 2007, 17:47 [IST]