Tech Mahindra suspends appraisal cycle for senior employees more than six years of experience - Startup news, funding, investment, entrepreneurs, earn money, technology etc

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Monday, February 6, 2017

Tech Mahindra suspends appraisal cycle for senior employees more than six years of experience

Here is a set back for IT industry. Tech Mahindra suspends appraisal cycle for senior employees more than six years of experience. Employees will have to wait at least two quarters before they are told if they should expect a wage increase.

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Tech Mahindra spokesperson said, This decision is not related to our performance in the third quarter. This was an item of discussion and once there is a management review, the employees will be informed.

TechM's Q3 revenue grew over 4% sequentially to $1.12 billion. Profit rose 30.8% sequentially to $126.3 million.

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