Infosys to give 6.5-9% hike this year

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New Delhi, March 27 : Country’s second largest software services firm Infosys will give out pay hikes in the range of 6.5 per cent to 9 per cent to employees in India for the financial year 2015-16.

Effective April 1, the Bangalore-based firm is offering average hike of about 6.5 per cent, sources said.

On the other hand, top performers at the firm will be given a hike of about 9 per cent, while salaries of onsite employees will be raised by about 2 per cent, they added.

The company spokesperson confirmed the news. Last year, the company had given salary hikes of about 6-8 per cent to employees in India, and about 1-2 per cent for onsite employees.

This is the first wage hike to be rolled out since Vishal Sikka took over as the chief executive in August last year.

The company, which was facing an exodus of senior-level executives over the past two years, has also been grappling with high attrition rates.

Under Sikka, the company has been undertaking various steps, including offering a 100 per cent variable bonus payout to its employees for the December quarter, to stem high attrition.

The company’s attrition (on last 12 months basis) stood at 20.4 per cent for the reported quarter, slightly higher than 20.1 per cent registered in the July-September quarter.

Infosys added 13,154 (gross) and 4,227 (net) employees during the October-December quarter, taking its total headcount to 169,638 at the end of December 31, 2014.

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