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IT firms grapple with increase in employee costs

Employee wage costs at top Indian software services companies reach six-year high ....

India , Samir-seksaria , Nilanjan-roy , Kamal-karanth , Infosys , Wipro , View-full-image , Whatsapp-channels , It-firms , Wage-costs , Tcs , Hcl

Transcripts for BBCNEWS BBC News Now 20240604 13:11:00

Market in hyde, the cost of the food this trader buys has settled, but remains high. ads, this trader buys has settled, but remains high- this trader buys has settled, but remains hiuh. ., ., ,, , ., . remains high. a lot of pork product, cheese and remains high. a lot of pork product, cheese and butter remains high. a lot of pork product, cheese and butter has remains high. a lot of pork product, cheese and butter has plateaued - remains high. a lot of pork product, | cheese and butter has plateaued and may be dropped a fraction, but nothing to what we have seen two or three years ago. nothing to what we have seen two or three years age- three years ago. selling dried beef, amanda is seen three years ago. selling dried beef, amanda is seen at three years ago. selling dried beef, amanda is seen at the three years ago. selling dried beef, amanda is seen at the cost - three years ago. selling dried beef, amanda is seen at the cost rise - three years ago. selling dried bee ....

Lot , Cost , Energy , Pork-product , Cheese , Butter , Thigh , Market , Trader-buys , Nothing , Ads , Plateaued

Transcripts for BBCNEWS BBC News at One 20240604 12:02:00

Our business correspondent dharshini david reports. young man, what were you looking for? at this market in hythe, the cost of the food trader taryn buys has settled, but remains high. thank you. a lot of pork product and cheese as well. cheese and butter has sort of plateaued and maybe dropped a fraction, but nothing to like we ve seen maybe two or three years ago. do you want some of the mixture? yeah? selling dried beef. amanda is seeing other costs rise and is struggling not to pass those on. i m trying to do more markets so i can get some more money in, but then again, you ve got to pay the market fees, you ve got to pay your fuel costs, which have gone up as well. and, you know, i ve sold a vehicle so that i m not paying out for an extra vehicle. annette sold out of bread by midday, but for her, wage costs are a challenge. if the minimum wage goes up, i then the wages for other people who are not on minimum wage go up as well. - so they maintain a differential- ....

Man , Dharshini-david-reports , Cost , Food , Market , Trader-taryn , Hythe , Costs , Cheese , Lot , Pork-product , Nothing

Transcripts for MSNBC The Katie Phang Show 20240604 12:08:00

Paid more between this year and last year? the number that we got, 4.4%. that s home how much higher wages are in june of this year compared to june of last year. that s a faster clip than the 4.3% we saw in the prior month, and for the federal reserve, which has been trying to get this number down so that they can make sure that employers are not passing on higher wage costs to the consumer, they might be looking at this and saying well, we might want to do one more interest rate increase, which is why markets and pricing it s another 2.5 percentage point interest rate increase in their next meeting at the end of the month. we ll have to see if the fed follows through on that. again, broad story, jobs market continuing to track along, just a little bit of a slower pace this time around. back to you. and our thanks to brian chung for that report. and still to come, damage control. how florida s first lady, casey desantis, is desperately trying to save her husband s sinking presidenti ....

Number , Federal-reserve , We-saw , Home , Wages , 04-3 , 4 , Markets , Consumer , Interest-rate-increase , Wage-costs , Employers

Transcripts for BBCNEWS World Business Report 20240604 04:35:00

Morrisons, etc. your thoughts on what they are likely to say as to why they are not passing on reductions to their customers? on reductions to their customers? all the other exuenses customers? all the other expenses they customers? all the other expenses they are - customers? all the other| expenses they are getting customers? all the other. expenses they are getting at the moment in terms of costs of power, all those elements coming through, all those extra costs and wage costs as well. inaudible on the other hand. there is strong competition. there is strong competition. there is strong competition, you have to go beyond the major supermarkets to find it and to try and find those discounts that are given. what you are now seeing is a spotlight put on supermarkets to come up with them being honest or not. the other story them being honest or not. the other story that them being honest or not. the other story that is them being honest or not. the other story that is in the ....

Customers , Expenses , Terms , Reductions , Costs , Thoughts , Mother , Etc , Morrisons , Exuenses , Competition , Flights-inaudible