Infosys Gives 6-7 Pct Wage Hike To Employees

People following developments at the firm said focus is on retaining quality talent, while letting go non-performers, something founder and executive chairman NR Narayana Murthy has reiterated at various fora.

About 12,500 employees have been promoted since October. Infosys, as part of performance improvement programme, allows 'poor performers' to undergo training to get into shape. These employees then undergo a review and those who fail are asked to leave.

Murthy was brought back at the helm in June last year to try and pull Infosys back on the growth track following several quarters of dismal performance.

Within weeks of his return, Infosys increased salaries of its employees in India during 2013-14 by an average 8 percent.

In 2012, Infosys had delayed hikes and salary increases were given only in October when the company came under pressure due to increments offered by peers.

In January, Murthy had said the company is looking at returning to its practice of announcing salary increments effective April.

According to global HR firm Aon Hewitt, employees in the IT sector (Hi-Tech industry) can expect an average salary increase of 10.2 percent during 2014.

Increments in the software products industry are estimated at 10.8 percent and knowledge process outsourcing at 11.9 percent.
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