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Infosys employees get 5-11% salary hike, no April-June arrears: Sources

The salary hikes for FY18 had been deferred in April, amid rumours of large scale layoffs by the IT firm.

July 04, 2017 / 06:43 PM IST
Infosys Chief Executive Vishal Sikka attends a news conference in Mumbai, India, February 13, 2017. REUTERS/Danish Siddiqui - RTSYGKL

Infosys Chief Executive Vishal Sikka attends a news conference in Mumbai, India, February 13, 2017. REUTERS/Danish Siddiqui - RTSYGKL

 
 
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After an initial delay, Indian IT giant Infosys has finally rolled out the annual salary hike for the financial year 2018. Sources privy to the development tell Cogencis that the hikes have been in the range of 5-11 percent which would be put to effect from July 1.

The top performers in the company would get a 9-11 percent salary raise.

However, the company will not pay the wage-hike arrears for the period of April to June, sources say.

Usually, Infosys announces its salary hikes in April. But this year, the Chief operating officer Pravin Rao circulated an e-mail deferring the salary hike until July. The e-mail also put to rest all rumours regarding the speculated layoffs.

Indian IT firms are struggling due to the rise of automation and Brexit and the sector received a major blow as a result of US President Donald Trump's decision regarding stricter enforcement of H1B visa.

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The proposed changes in the non-immigrant employment visa include doubling the minimum salary of acquiring the visa to USD 130,000.

The Indian IT companies which are heavily dependent on America's labour outsourcing policies, were rumoured to have speculated layoffs. Infosys was one of the major IT firm said to have faced irregularities due to stricter visa policy.
first published: Jul 4, 2017 06:27 pm

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