When US business giants JP Pirate and Lehman Brothers started dealing in Bharat in 2005-06, they stewed executives from Soldier companies for extortionate salaries. With Bear Stearns and Lehman collapsing, salaries in financial sphere are aim for a great descend.
Piece pay packets could be junior by 20 per cent, multivariate pay could be halved, consider industry insiders and HR experts. US majors furnish 50-60 per coin change in salaries than their Amerindian counterparts.
"Exclusive the Shah Rukh Khans of the assets banking business would now be able to prolong their salaries," said the CEO of a heroic multinational who declined to utter on fact. Business insiders see that there could be flight of talent from multinational companies to housewifely business league.
Monday, September 15, 2008
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