Daijiworld Media Network – Bangalore (NR)

Bangalore, Sep 8:  The intention of the industry is to moderate wages of IT (Information Technology) and BP workers, averred NASSCOM chairman, Lakshmi Narayanan, while speaking on the sidelines of a quality summit held here on Thursday, 6 September.

According to Narayanan, with the improvement in manpower supply, there would be a moderation in wages of IT and BPO workers by the beginning of next year.

Wages have shot up by 12 to 15 per cent annually across major IT and BPO industries in the past 2 to 3 years, he informed.

In Narayanan’s opinion the said manpower supply side is improving considerably largely due to various initiatives taken up by the companies themselves as well as NASSCOM and the proactive academic institutions coming out with more seats and disciplines, and starting of  IT finishing schools.

It’s a never before situation, he declared, with seats availability increasing. Giving an example he stated that in Tamil Nadu alone, there were 10,000 engineering seats going vacant this year.

Concluding his speech he declared that as talent and workforce development take roots, one will see moderation in wages and the beginning of this trend (moderation of wages) will take place next year itself. ‘Overall, the demand-supply gap is more or less balanced’, Narayanan added.