Infosys gives salary increments, Wipro hikes wages

Top Stories

»	India’s infrastructure sees rapid progress in last decade as capex surges: FM Sitharaman
»	India embraces cashless revolution in last 11 years: Nirmala Sitharaman
»	Indian stock market opens in green, IT and PSU banks lead
»	RBI booster: EMIs, tenure set to come down for home loan borrowers
»	RBI cuts repo rate by 50 basis points to 5.5 pc, changes policy stance to neutral

SME Times News Bureau | 14 Jun, 2013
Rival Indian IT bellwethers Infosys and Wipro Thursday announced salary increments and wage hikes for their employees based offshore and onshore worldwide for the 2013-14 fiscal.

Hours after Infosys said in a statement that all its eligible employees based in India would be given an eight percent salary increase from July 1, Wipro said it would give six-eight percent wage hike to its offshore employees from June 1.

Similarly, Infosys said its employees based in other geographies who did not get the annual hike in February would be given three percent increase in their salary.

"All eligible employees based in India will be given a salary increase of eight percent while those in other geographies who have not been covered by annual hike in February, can look forward to an increase of three percent in their salary," Infosys said in the statement here.

For Infosys' global sales force, the increase (eight percent) will be applicable from May 1.

Wipro said its on-site employees would be given two-three percent wage hike from this month.

"In line with the practice of rewarding high performers, we are giving double-digit hikes to our offshore and on-site employees," Wipro said in a statement here later.

As global software majors, Infosys has about 156,688 techies worldwide, while Wipro has 145,812 techies worldwide, with majority of them based in India, operating from their respective development centres across the country.

The surprise announcement by Infosys comes ahead of its 32nd annual general meeting (AGM) Saturday here under its co-founder N.R. Narayana Murthy who was re-appointed as executive chairman from June 1 in place of non-executive chairman K.V. Kamath.

Another co-founder and co-chairman S. Gopalakrishnan also stages a comeback as executive vice-chairman to steer the fortunes of the company, which has been going through troubled times.