Infosys raises staff salaries by 6%

It indicates the salary revision would be in the same range this year as it was in the last

Offshore Infosys employees would get an average pay rise of around 6.5 per cent this year, while high performers could get as much as nine per cent, according to sources.

Infosys is India’s second largest information technology (IT) company.

The range of salary revisions offered indicates the revision in the sector would be in the same range this year as last year.

For onshore employees, who are located outside  India, the average hike this year is around two per cent.

Last year, the company had given a rise of between six and seven per cent for offshore employees and between one and two per cent for onshore ones.

Infosys usually gives a wage rise to employees every April. The increase in salary will be effective from April 1.

After the new chief executive officer and managing director, Vishal Sikka, assumed charge in August last year, Infosys has initiated several measures to arrest rising attrition.

In the December quarter of this financial year, the attrition rate was 20.1 per cent, about 20 percentage points less than the previous quarter.

Immediately after the joining of the new chief executive officer last year, the Bengaluru-based company had announced promotions for some 5,000 employees, primarily working on the delivery side.