By
Natraj Muthukrishnan on 19 January, 2010, 7:14 pm
Like a phoenix, the job hoppers are back into IT industry. After the worst economic recession after the great depression caused severe damage to the IT industry and employees preferring to hold on to their seats , whatever be the cost, the season has changed.
The hay days are back for the IT employees and HR’s are having a tough time arresting the attrition. There have been news of 100% hike being offered by rival firms for the right candidate.
So even though, the companies have started giving back the hikes, the retention bonuses and the other perks which was curtailed during the recession phase, companies are still finding it difficult to match 100% hike which the rivals are offering. It is time HR’s pull up their socks and retain their key talents before it is too late for them.
One such incident was of a Oracle database guy jumping boats from Wipro to Accenture at a whooping 100% hike. Though Wipro offered 40% to him to stay back , the smart guy chose to shift boats for better pay. Indeed it seems good days are back for the IT industry.
You may be interested in these articles:
- Salary hiked in Wipro: Others to follow suit : After a grueling period of 12-18 months when employees went through a difficult period of layoffs, uncertainty, additional work loads, and salary freeze, finally IT major Wipro has announced salary hikes for all its employees. The hikes will be effective from Feb 1st, and will be in the range of 8% to...
- Update on salary hike: Variable pay increased across all sectors : The companies are playing safe it now. There are hikes all around. But the hikes are more in the form of variable pay. Compensation structures across industries are likely to be more closely linked to performance, as companies,who have witnessed the worst recession since the great depression proceed with caution...
- TCS shares at record high: To recruit 30,000: Hikes in April : The country’s largest IT company Tata Consultancy Services, TCS is having good news from all the corners. While an improving global economy means more outsourcing contracts coming to the IT major, there are some really big contracts like the one from Malaysian airlines which TCS has bagged. With 2010 Q4...
- Good News for Wipro-ites : Salary Hikes on your way : Wipro, India’s third largest software exporter has said, it would hike salaries across the board this quarter. It however did not indicate the percentage of hike. Pratik Kumar, Corporate VP, Human Resources said the hike will be given out in February. The hike would be as per industry standards, says...
- Salary Hikes are back in 2010: So is attrition : Words like attrition,retention and job switch which had become taboo since almost two years ago are making noise yet again. The employees who were waiting for the economy to bounce back before jumping boats are busy again. With the IT market slowly picking up and hiring all set to increase...
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[...] and Retention bonus are back!! Salary hikes and bonuses announced in Indian IT firms Job hopping is back: 100% hike offered Hikes just round the corner for India Inc. SBI fighting hard against attrition!! Categories: [...]
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