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IT (Dissecting paycheques):
- Wage costs for senior management (top-100 employees) of the top three vendors have increased by 45-80% over the past two years—a period in which companies have given hardly any salary hikes.
- Infosys has seen the largest increase in wage costs on senior management (80% vs ~45% at TCS and Wipro) over the past two years. However, its cost structure continues to be among the most efficient, with the lowest average age.
- The number of high-wage earners at the top three vendors has doubled in the last two years.
- Wage disparities at senior management among firms are high. Average wages for senior management at TCS are ~11-30% lower than those at its peers - Wipro and Infosys.
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