Millennium Post

Infosys, Wipro announce average hike of 8% to employees

Country’s two IT companies on Thursday announced wage hikes, with Infosys saying its employees in India will get an average 8 per cent increase and Wipro offering 6-8 per cent raise for offshore employees.

Weeks after Narayana Murthy returned to Infosys, the country’s second largest IT firm announced it will increase salaries of its employees in India for the fiscal year 2014 by an average 8 per cent.

Employees based in other geographies, who have not been covered by salary increases in February 2013, would see wages increasing by an average three per cent, the company said in a statement. The increments will be effective 1 July,2013.
Commensurate with industry standards, Wipro said on Thursday that it has announced an average wage hike of 6-8 per cent for offshore employees and 2-3 per cent for onsite employees, effective this month.

‘In line with the practice of rewarding high performers, Wipro has awarded double-digit hikes for these employees’, the Bangalore-headquartered, New York Stock Exchange-listed firm said in a statement.

Infosys said it has increased salaries of its global sales force by an average eight per cent, effective 1 May, 2013.
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