WITH IT SERVICES companies witnessing a fall in their utilisation rate, and headwinds emerging with the recent deterioration in the banking and financial services (BFS) outlook, analysts are of the view that salary increments and hiring by companies will remain muted in FY24.
Utilisation rate is the number of employees on any active project, while bench refers to employees on a company's payroll who at a given point of time are not on any active project. While all IT firms have a sizeable bench strength at any given period, a higher utilisation rate normally translates to better cost optimisation.
Companies like Infosys, Wipro and LTIMindtree have seen their utilisation rate decline on a sequential basis over the last three-quarters of FY23.
Bu hikaye Financial Express Mumbai dergisinin April 06, 2023 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin April 06, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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