1. Vishal Sikka orders under 10 pct salary hike in Infosys; some as low as 2 pct

Vishal Sikka orders under 10 pct salary hike in Infosys; some as low as 2 pct

CEO Vishal Sikka-led Infosys, India's second largest software services firm, has rolled out salary hikes between 6.5 per cent to 9 per cent...

By: | Bengaluru | Updated: March 29, 2015 8:46 AM
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The coming of Vishal Sikka looks not to have changed the Infosys appraisal system much as last year too the salary hikes were restricted to single-digits – between 6-8 per cent. PTI

CEO Vishal Sikka-led Infosys, India’s second largest software services firm, has rolled out salary hikes between 6.5 per cent to 9 per cent, based on performance, to its staff in India for the fiscal 2015-16 – this is the first hike since Sikka took over in August, 2014 from founder NR Narayana Murthy.

While the average pay hike is about 6.5 per cent, effective April 1, those who have performed outstandingly well, will be taking home pay hikes of 9 per cent – no one has received hikes in two digits reportedly.

However, salaries of onsite employees will be hiked by an even lower amount of just 2 per cent.

The coming of Vishal Sikka looks not to have changed the Infosys appraisal system much as last year too the salary hikes were restricted to single-digits – between 6-8 per cent.

To stem the high attrition rate that Infosys has been suffering, especially at the senior level, Vishal Sikka had deployed a scheme that offered a 100 per cent variable bonus payout for the December quarter – attrition had at one point reached over 20 per cent.

While attrition has been high, Infosys has been hiring too, having added 13,154 (gross) and 4,227 (net) employees during the October-December quarter, with its headcount adding up to a total 169,638 at the end of December 31, 2014.

  1. Agastya M
    Mar 29, 2015 at 4:39 pm
    My cousin works in a similar firm. I tell him you've been fooled. Bonus from highest to lowest is a part of your ry i.e. CTC. The range is mentioned. 100% bonus means you get the big amount on your CTC which tempted you to join. The company share component of your monthly PF is a part of your ry itself. Nobody will pay any extra amount. A medium rating gets a lower amount. You will not get one extra sikka. Not one pie more. So you may sweat it day and night sacrificing family time and health but you will get only the full due ry if you get top tier rating. First and foremost this is always conditional to clients review. They only remember your latest one small slip up and you are shot down. Now the cruel joke is about to begin. Read on. The internal review with your manager is always modified to match the annual quota. What quota you ask? Drink water and come back. Each team manager is told you can only give 3 guys full bonus, 2 guys medium rating and so on. Now the manager has to make all his team rating fit a bell curve. So he will pick some irrelevant instance where you may have goofed up. That will be used to reduce your rating. Now you know how you are fooled?? It gets worse. Wait. Even if you are posted within India to a clients place you are supposed to get a daily fixed amount about 200 within same city and I think 500 per day if you are in a different city of India. This is never revealed to you. Someone with extra time may find this clause on page 270 of the employee handbook and ask the manager. When confronted he will say - Oh yeah that's due is it not. I will just raise the request in the system. Lakhs of people don't know this. The manager then shows all that as his "savings" for that year. Feeling bad? Get some juice and read. All these companies rely on cost arbitrage. Common knowledge. Now indian ries for top talent is almost the same as as the $3000 -3500 per month you are billed to say US clients. So where do they save? Easy as ABC. You get freshers and pay them 3-4 Lakhs per annum. One tech lead usually an old timer is kept on. All others are moved to other projects. But then they don't know anything about coding or business. So put all the pressure on the senior tech lead. He has to mentor, code, review and fall on the sword if client complains. But do they get full bonus. What for? No no. That is just your job. And please note the bell curve. We can't give full bonus. So sorry. Next year for sure. Rewards for top performers are always one silly praise email with cc to some people you never heard of. Supposedly he is a senior director and closely follows things. Maybe you get a cheap paper certificate. Oh boy vinay pandu in Mumbai or rangarajan sambarwala knows my good work. Great company. So there you have it. I am sorely tempted to reveal the company name. But really it's exactly the same in all IT firms. The goras await your next all nighter. Your family can wait. Your little one can manage. Who wants to see them grow up? Not me. I have an important delivery. So sorry coming home only by 1 am. Cheers and enjoy your "great" career.
    Reply
    1. S
      Sid
      Mar 29, 2015 at 9:38 am
      It is 11% for high performers
      Reply
      1. E
        Employee Grief
        May 2, 2015 at 8:25 pm
        ry hikes in Infosys are stellar and very high compared to other companies. You only need to know how to get that huge hike. Here is how - Appear for an interview with 4-5 other companies and get their ry quote for your profile. Then you check what you are getting at Infosys. Lets say you are getting Rs 50000 less per month at Infosys. This translates to roughly say 2 hours per day of your work. So don't work for 2 hours. Go to gym or go and chill in the canteens. As long as you have a good rappot with your manager and have decent communication skills, you will end up with CRR 2. Why slog for that CRR1 or 1 when all you get is some petty 10000 Rs increase? Now then you can also use the additional time to do some side business!!Just keep you Infosys job as secondary and focus on other things . So now you know how to stretch that infosys ry?And yeah remember always put 25% of your time on messgenger as "donot disturb" and another 50% as "busy"!!
        Reply

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