employee. It would be better to take a call on compensation related issues by the end of the third quarter.”
Companies are letting people go easily and are creating an environment for resignations by not giving increments or additional responsibilities to employees. According to Uday Sodhi, CEO, HeadHonchos.com, “in manufacturing and engineering, planned hiring is not taking place as there is a slowdown in projects related to infrastructure”.
(With inputs from Rachit Vats, Vishwanath Nair & Coutinho in Mumbai and the Bangalore bureau)