In performance appraisal season, telecom employees have nothing to cheer

About 40% may not get a raise: COAI

With the beginning of appraisal cycle, employees across various sectors are looking forward to get rewarded for their hard work but staff of telecom operators may not get hefty hikes given the financial stress in the industry.

The debt-laden telecom sector has been facing declining revenues and dropping profitability and with consolidation becoming the norm, many of the employees may be handed pink slips and even those remain on the rolls, increments are likely to be in single digits.

“The past one year has been a difficult period and as a result, about 40% of the work force may not get a