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Sapient (SAPE, CL-Buy, $12.93)
Employee attrition has stabilized – Management indicated that employee attrition
peaked in July and has stabilized. The company has a standard approach on salary
adjustments, which typically take place in 2Q of the calendar year. In 2010 Sapient
decided to put through another round of wage increases, given increased competition
for talent in India, which has been an industry wide phenomenon.
