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Employees of realty and IT face tough time

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With fall of realty buildings in collaboration with the crisis of the economy has made the employees of the realty, finance and other IT related services to get prepared for salary cuts by the end of this fiscal year. According to the sources of www.propertykhazana.com this pay cut may rise till fifteen percent ranging from company to company and also depends of the ranks and designation.
Chief executive of Head hunters India – Kris Laksmikanth states that “by the end of this year it is sure to get the pay lesser than the expectation due to varied reason of economic imbalance in the global market”. Source of www.propertykhazana.com also reveals that Indian MNCs like Infosys and Wipro has already made provisions for only single digit salary hikes for the coming term of economic year. Other realty groups like Delhi based Omaxe has made down to 10 percent for the various levels and for the top management level it rose high up to 30 percent as stated by Rohtash Goel.
“As an effect of this pay cuts the most burnt will be fetched by the middle and the lower levels of the companies where as the interest of the top management remains intact” as stated by Director of Shri Ram centre for industrial Relations and Human Resources. At t the same time Hewitt associates a noted international HR consultancy has predicted that the present rise in the various salary slab will rise with just 5 to 8 percent as compared to the last year’s record of 15 to 19 percent. The same story is with the Indian IT major TCS which has declared to raise the salary peaks just with 8 percent as compared to the bonus of last year’s 17 percent as per the sources of www.propertykhazana.com.
Source: NBTVLIVE

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