Recession, now everyone of every age group has familial with this word. And also know its impact in

Every sector but it would not be exaggerated if I say that IT sectors are highly affected in economic slump.

Because of economic slowdown companies like INFOSYS TECHNOLOGY India’s second

Largest firm has made it clear that the company

Would be soft-pending on campus recruitment in this year. And Employee of INFOSYS Technologies may have to live

With the salary cut and without and significant increment.” a part of our salary is determined by variable sales

Components, which is the percentage of company’s revenue” said Infosys director for human resource

T.V. Mohandas pai. ‘Since the revenue is down, the salary will be trimmed.

Wipro India’s third largest software exporter, also frozen salaries for current financial year and like Infosys

Gave no commitment on campus hiring “outlook for salaries and wages given the current scenario, we have no plans for

Increase in the course of the year.” the Bangalore –headquartered New York stock.

India’s largest soft ware exporter TATA CONSULTENCY SERVICES (TCS) has announced its plan to review the variable

Components of employee’s salaries every quarter in attempt to cut costs. Variable pay account for 20 to 35 percent of

TCS employees gross salary, depending on their hierarchy. The company has reportedly laid off over100

Employees in the U.K.The Company had earlier cut employees variable pay by around 1.5 percent in February 2008.

“We are trying to reduce costs. Our largest expenditure –around 55 percent of our gross revenue.is man power cost

and employees salaries . we are not contemplating  a pay reduction, but we are reviewing the employees variable pay.”CEO & MD

S RAMADORAI, “BUSINESS STANDERD” quoted him as saying.

The level of increments would also be pegged lower in the coming year with more than 83 percent of the respondents stating that

salary hikes in2009 would be lower than that planned for originally.