BANGALORE, INDIA: A month and a half after its official announcement on wage increase, IT major Infosys Limited has started rolling out salary hike letters to its employees.
Many employees have been receiving the letters since November 29, but not every one of them seems satisfied with the hike. It is said to be in the range of 4.5 per cent to 8 per cent. "I have been working for more than a year in a mid-level position here, but the hike I have got is disappointing," said an employee, on condition of anonymity.
At the announcement of its second quarter results on October 12, Infosys had announced a hike of 6-8 per cent for its Indian employees and around 2-3 per cent for its onsite staff.
Earlier this year, industry peer Tata Consultancy Services had announced a 6-8 per cent compensation increase for its employees and in July, Wipro had rolled out a hike of around 8 per cent to offshore workers and 3 per cent for those onsite.
Another Infoscion said that while the hike figures are roughly around those promised, the lower limit of 4.5 per cent was less than expected. It is learnt that the hike would be effective October 2012 and would be paid along with December's salary.
Back in October, Infosys HR Head Nandita Gurjar said that their campus recruitment was shaping out well and that they were looking to hire around 6,000 employees this year.
On the salary hike issue, we are awaiting a reply from Infosys spokespersons.