ALSO: China taikonaut moon plans; Singapore's Temasek to stay clear of crypto; India ponders ban on for-profit .IN sales; and more.
India's big four services giants are doing it tough, with Wipro and HCL deferring pay reviews and rises, Infosys rumored to have done the same, and TCS again postponing onboarding for workers to whom it's promised jobs[VIDEO] it would be delaying its wage hike cycle until the third quarter. Its last salary hike occurred in September of last year. The usual quarterly promotions are, however, proceeding as normal.
"This year, we have made a decision to skip the compensation review, starting with the management layer, which is E4+, and also defer for junior to mid-level people by a quarter, which is E3 and below levels. While we do this, we will continue to closely monitor the industry trends and as appropriate, take measures as required," said the CEO in HCL's Q1 2024
"Towards driving a more performance-focused work culture, we rolled out salary increases of 8 percent to 10 percent for high performers and 12 percent to 15 percent for exceptional performers following our annual compensation review,"CEO K. Krithivasan said the firm would also continue to hire freshers, including in the current quarter.
The plan is mostly familiar: send astronauts into lunar orbit, then have them descend to the surface in a lander, conduct a spot of exploration and sample collection, then reverse.
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