Pay hikes at IT cos to be flat despite turnaround
P P Thimmaya: Bangalore, Jan 28 2013, 03:54 IST
gave increases in the low single-digit range. Infosys took the dramatic step of deferring salary increases, which was met with all-round surprise and resentment, but later announced a 6% hike. Its peers like Wipro, Tata Consultancy Services and HCL Technologies provided a 6-8% increase in salary for its India-based employees while it was 2-3% hike for onsite personnel.
Asked about the next salary hike, Gurjar of Infosys said, “The company has not decided on the next increment date. In March and April we will see the market and then decide.”
Firm hold
* The IT & BPO sector broadly gave a salary increase in the range of 6-8% in 2012-13
* The Indian IT industry for long has enjoyed double-digit salary increases every year
* Firms wary of giving hikes as 50% of the operating costs of IT cos attributed to wages
* Some companies may also hold back salary hikes and push it by a quarter or two
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