People costs in MNC tech centres in India are rising fast
(WorldNews India)

BENGALURU: As MNC technology centres in India move to do more cutting edge work, their people costs are rising fast. These costs were 70% of overall costs in 2017-18, up from 68% in the year before, according to a study by consulting firm Zinnov. It was just 63% in 2013-14. Annual people cost on average is now Rs 20.6 lakh per full-time employee. MNCs with tech centres in India include tech companies like Accenture, Cisco and IBM and also non-tech companies such as ABB, Boeing, Bosch, Shell and Walmart that see tech as core to their business and who are doing a lot of this work inhouse. Nearly a million people work in these centres. Faraz Khan, engagement manager at Zinnov, said multiple...