Rising inflation and the downturn in the U.S. economy are forcing Indian
employers to slow hiring, freeze wages and fire underperformers to maintain
profit margins. “Efficiency and output delivery will be the core mantras at play,” said brand
consultant Harish Bijoor.
The slowdown is tangible, as the number of information technology and
business process outsourcing deals dropped to 78 in the first quarter of 2008
from 109 in the first quarter of 2007, according to India-based research firm
Value Notes. By the second quarter of 2008, according to Value Notes CEO Arun
Jethmalani, the number of deals slid to 58, down from 101 a year earlier.
clipped from workforce.com
No comments:
Post a Comment