IT COS Raise Rates by 5-40% To Bake in Wage Hikes | In the News

Indian information technology service providers have raised their billing rates for some segments by 5-40% as they look to pass on some costs of double-digit wage hikes and other incentives for employees.

“Most, if not all, IT firms are looking to raise prices on both new and existing business,” said Peter Bendor-Samuel, chief executive officer of IT research and consultancy firm Everest Group. “Increases range from 5% to over 30% in some of the new digital skill areas.”

Read more in Informist Media

 

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