After talking about Pink Slip n layoffs..next thing is Salary Hike.The next thing in the Newspapers was Cut in Salary Hike
Due to the economic crisis in US, people in India are struggling. Because Indian companies rely on them. (Its known fact)
Salary hikes in all the companies have been brought down this year. Few companies didn't even give the hikes. Instead of giving hikes, they started laying off employees.
Satyam Average hikes are expected to be about 11-12% for India-based employees compared with last years’ 16.5-18%. These hikes were supposed to happen in August (was told that they can expect 14- 15%), but even now they haven't done it.
TCS announced a 10% salary hike for this fiscal, compared with 10-13% in the previous year
Infosys Technologies offered a 11-13%increase against 12-15% a year ago.
Wipro which normally announces salary hikes for India-based employees in the September quarter, expects raises to be in the range of 8-9%.
People say that it will get more worse during the month of December. If it is so, what will be the situation of employees.At the same time, all these MNCs wants their employees to work for 14- 15 hrs daily. Since, there is no job security, people are forced to do. Till when, we have to face this situation :(..Wait n Watch
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