<ul><li>Employee wage costs at Tata Consultancy Services (TCS) reached a six-year high, constituting 77.4% of total expenditure in the September quarter.</li><li>HCL Technologies also experienced a similar increase, with employee wage costs making up 69.6% of their total expenses during the same period.</li><li>Infosys, on the other hand, observed a slight decrease in employee expenses, but they still accounted for more than 60% of total expenses, highlighting cost pressures in the industry.</li><li>The industry trend showcases a concern regarding high employee costs, driven by lateral hiring at a 30% hike and challenges in retaining talent amidst efforts to reduce expenses by limiting campus recruitment.</li></ul>

India's top IT firms grapple with record high employee wage costs

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