Infosys' employee costs may rise as it hires more people overseas

The company also expects rise in minimum wage for H-1B visa-holders in US to impact its margins

The employee costs of Infosys, the country's second-largest information technology (IT) services exporter, might increase as the company hires more local employees in key global markets in the US and Europe. 

The company, which has announced various cost control measures to maintain a higher profitability at operating margin of 23-25 per cent, has a few hundred employees who are paid more than Rs 1 crore or equivalent in local currencies in the countries they operate.

According to Economic Times report on Wednesday, Infosys is paying more than 1,800 employees in its overseas locations over Rs 1 crore and 150 of