Bangalore: IT majors Infosys and Wipro have announced a hike in their employee salaries on the same day. Employees of both the companies will see an average hike of 8%. This is being seen as a bid to boost employee morale and to retain them while curbing attrition rates.
According to a communiqué from Infosys, “The Company today announced salary increments for all eligible employees, across the company, for fiscal year 2014. The company announced an average increase of 8% for employees based in India. Employees based in other geographies, who have not been covered by salary increases in February 2013, can look forward to an average increase of 3%. These increments will be effective July 1, 2013. The Global sales force will see an average increase of 8% which will be effective May 1, 2013.
Just hours after the Infosys announcement, a statement issued by Wipro on wage hike states, “Commensurate with industry standards, Wipro has announced an average wage hike of 6-8%, for offshore employees and 2-3% for onsite employees, effective June 2013. In line with the practice of rewarding high performers, Wipro has awarded double-digit hikes for these employees.”
Infosys has more than 155,000 employees and clients in more than 30 countries while Wipro has over 145,000 employees and clients across 54 countries, as on March 2013.
Kerala IT News