Last year, the company had given salary hikes of about 6-8 percent to employees in India, and about 1-2 percent 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.
Country's second largest software services firm Infosys will give out pay hikes in the range of 6.5 percent to 9 percent 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 percent, sources said.
On the other hand, top performers at the firm will be given a hike of about 9 percent, while salaries of onsite employees will be raised by about 2 percent, they added.
The company spokesperson confirmed the news.
Last year, the company had given salary hikes of about 6-8 percent to employees in India, and about 1-2 percent 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 percent 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 percent for the reported quarter, slightly higher than 20.1 percent 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.
Infosys stock price
On March 27, 2015, Infosys closed at Rs 2201.95, up Rs 57.50, or 2.68 percent. The 52-week high of the share was Rs 2335.20 and the 52-week low was Rs 1447.00.
The company's trailing 12-month (TTM) EPS was at Rs 104.69 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 21.03. The latest book value of the company is Rs 366.51 per share. At current value, the price-to-book value of the company is 6.01.
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