People Takeover Deals in IT Involve Retention | In the News

When large global companies hand over their IT operations to Indian IT services companies for modernisation, the latter are often compelled to offer generous transition bonuses – or stay bonuses as some call it – to the domain experts that come from the former.

Peter Bendor-Samuel, CEO of US-based IT advisory Everest Group , said the retention bonus which is often paid can’t easily be divided between knowledge transfer, risk mitigation and optics for the public.

Read more in TOI


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