Information technology (IT) companies are feeling the pinch of rising staff cost.
During the quarter ended December 31, 2002, staff cost of top 20 IT companies increased 36.70 per cent over the corresponding period of the previous year.
In the July-September 2002 quarter, these costs had increased 30.15 per cent (20.31 per cent in the previous two quarters).
The increasing staff costs are way out of line with the rise in these companies