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by Rahul 25 Mar 2009, 19:16
ImageHexaware Technologies has announced a salary cut ranging between 2-10 per cent for its employees above certain levels to help control costs. The company claims that about 40 per cent of its employees won't be affected by the pay cut, which becomes effective in April. The measures will not affect employees at the entry level or those with less than or up to three years of offshore experience.

The company also put 350 of its non-billable employees on the virtual bench, paying them just 50 per cent of their basic salary. The software and back-office services provider said the staff who will be moved to the virtual bench are those that are not currently on any project.

It added that the benched staff will continue to remain on the payrolls and will be given time off to improve their skills.