The country’s second largest software services and solutions provider Infosys on Thursday announced a salary hike to its employees for the fiscal 2014 by an average 8 per cent.
Ending speculation that the hikes would be delayed on account of various anomalies, the company in a statement said employees based in other geographies, who have not been covered by salary increases in February 2013 will get an average salary increase of 3 per cent and the increments will be effective July 1,2013, while their global sales force personnel will also get an average 8 per cent increase with effect from May 1, 2013.
Newly appointed executive chairman NR Narayana Murthy, while addressing his employees here, said that non performers and people on the bench need to prove themselves to continue working at Infosys.
Murthy was brought back from retirement to bring the company back on growth track after a string of bad performances. He has (since his return) made many changes to ensure the company returns to its profitable ways.
He said that the company will have a new performance evaluation scheme and asks employees to improve productivity. Stating that the company would provide end to end solutions, he said that they would continue to focus on large deals. Hoping to get the support from his employees, Murthy said that he would engage more interactions with his employees and also listen to their problems and suggestions to benefit the organisation.
Urging young Infoscions to make the most of the opportunity provided to them, he asked his staff to support the senior management including CEO SD Shibulal as well as executive vice-chairman Kris Gopalakrishnan.
Most Indian IT firms give increments around April or May.
Infosys, which has been going through a tough phase, has been reporting lower growth than peers like TCS and Cognizant and there was speculation that it mighty delay hikes this year as well.
Last year, salary increases were given only in October, when the company came under pressure from increments offered by peers.