News: Veteran Gary Kenneth Toomey new CEO of Jet Airways

Compensation & Benefits

Veteran Gary Kenneth Toomey new CEO of Jet Airways

Infosys Ltd and Wipro Ltd on Thursday announced high single-digit salary increases for employees, in a year when the software exporters lagged average sector growth rates and disappointed investors, Mint reported.

Infosys Ltd and Wipro Ltd on Thursday announced high single-digit salary increases for employees, in a year when the software exporters lagged average sector growth rates and disappointed investors, Mint reported.

Average salary increases at these companies have dropped from 10-12% in recent years and from about 15% before the slowdown of 2008. Infosys, India’s second largest software exporter, said it will raise annual salaries for employees in India by 8% on average from 1 July. Salaries at Wipro, the country’s third largest software firm, will increase by 6-8%, effective 1 June.

Wipro has increased average salaries for on-site employees by 2-3%, also effective 1 June. For high performers, Wipro said it has “awarded double-digit hikes”.

Read the full report here

Read full story

Topics: Compensation & Benefits, #Updates, #TotalRewards

Did you find this story helpful?

Author

QUICK POLL

For how long do you think the current pandemic situation will impact the world of work?

On News Stands Now
q_auto,f_auto/v1583398016/mag-march-2020.png

Subscribe now to the All New People Matters in both Print and Digital for 3 years.

.

Subscribe
And Save 59%

Subscribe now

Joining the session on 'People Strategy post COVID-19 crisis' by Industry experts?