Some of the leading technology companies such as Google are raising the compensation for its employees, which also reflects the entities' improving business performance.
British daily The Financial Times has reported that some of the world's largest technology firms are lifting pay rates apart from taking other measures to retain employees.
This also reflects improved performance in the companies' businesses and heightened competition for workers with the right experience, the report added.
"Hewlett-Packard said this week on an internal blog for employees that it would reverse across-the-board cuts to base salaries that had been ordered by former chief executive Mark Hurd in February 2009," the daily noted.
According to the publication, Google earlier this month decided to hike the pay of its workforce by 10 per cent while Intel has given message to employees "that bonuses early in 2011 would be the highest in a decade".
Financial Times noted that wireless and mobile-device expertise is especially sought after. Internet entities such as Facebook have been recruiting people from Google and other established companies.
"Hewlett-Packard's about-face on salary cuts is the most dramatic in some respects, both because of the company's size - it has about 304,000 employees - and because it is one of the first acts by Leo Apotheker, who took over as chief executive in September," the daily said.
In the wake of the global financial meltdown in 2008-09, many companies had resorted to layoffs and salary cuts, as part of efforts to bring down costs.
British daily The Financial Times has reported that some of the world's largest technology firms are lifting pay rates apart from taking other measures to retain employees.
This also reflects improved performance in the companies' businesses and heightened competition for workers with the right experience, the report added.
"Hewlett-Packard said this week on an internal blog for employees that it would reverse across-the-board cuts to base salaries that had been ordered by former chief executive Mark Hurd in February 2009," the daily noted.
According to the publication, Google earlier this month decided to hike the pay of its workforce by 10 per cent while Intel has given message to employees "that bonuses early in 2011 would be the highest in a decade".
Financial Times noted that wireless and mobile-device expertise is especially sought after. Internet entities such as Facebook have been recruiting people from Google and other established companies.
"Hewlett-Packard's about-face on salary cuts is the most dramatic in some respects, both because of the company's size - it has about 304,000 employees - and because it is one of the first acts by Leo Apotheker, who took over as chief executive in September," the daily said.
In the wake of the global financial meltdown in 2008-09, many companies had resorted to layoffs and salary cuts, as part of efforts to bring down costs.
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