Rupee rise: No big pay hikes for IT, BPO staff

The appreciation of the Indian rupee has probably hit the IT and BPO sector the hardest. IT pundits say that the days ahead will be hard as the need of the hour is more time and dedication.

Apart from working extra hours, employees in the IT and BPO sector will now have to bear with cost-cutting, which would mean that their salary increments could be affected.

At least 47 per cent of the expenditure incurred by IT firms is in the form the salary paid to employees.