Ex Infosys employee says worked there crazy for 9 years, had only Rs 35,000 monthly salary
2 months ago

Ex Infosys employee says worked there crazy for 9 years, had only Rs 35,000 monthly salary

India Today  

A former Infosys employee from Bengaluru took to Reddit to share his candid experiences of working at one of India's largest IT firms. He also mentioned that whenever he refers former Infosys colleagues to his current company, they usually receive an 80-100 per cent hike in pay, revealing how underpaid employees at Infosys continue to be. "I paid Rs 3,200 monthly for transport at Infosys, while parking also came at an extra cost," he shared. "Infosys relied on single-digit annual salary hikes of 4-6 per cent, which made it difficult to earn a competitive salary over time," he added. He also pointed out the lack of "market corrections" in salaries at Infosys, contrasting it with his current employer, which periodically adjusts salaries to align with market trends.

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History of this topic

Infosys salary hike: India’s second-largest IT major rolls out increments for employees, average hike pegged at 5-8%
3 weeks, 1 day ago

Infosys salary hike: India’s second-largest IT major rolls out increments for employees, average hike pegged at 5-8%

Live Mint  

Infosys salary hike: India’s second-largest information technology services company, Infosys, has begun implementing employee salary hikes. On average, the salary hikes for most of the employees at Infosys range from 5-8 per cent. "Broadly, the comp that we are expecting is 6-8 per cent in India, and the overseas comps will be in line with the earlier comp reviews," Infosys’ …

Infosys employees get 5-8% salary hikes, lower than before: Report
3 weeks, 2 days ago

Infosys employees get 5-8% salary hikes, lower than before: Report

India Today  

Infosys has rolled out salary hikes for its employees, but the increases are lower than in previous years, according to a report by The Economic Times. The IT firm sent salary revision letters to employees, offering hikes between 5% and 8% for most, depending on their performance rating. The company classified employees into three performance categories "met expectations," "commendable performance," …

What do early salary hikes at Infosys say about India's IT sector
1 month, 2 weeks ago

What do early salary hikes at Infosys say about India's IT sector

Firstpost  

Infosys usually rolls out hikes in June by sending revision letters for increments effective from April. Image source: Infosys India’s largest IT services firm Infosys has announced that it will roll out annual salary hikes starting as soon as February. People familiar with the developments told the Economic Times that the company’s chief human resources officer told employees that “those …

Infosys to roll out 6-8% annual salary hikes in India from January 2025: Report
Trending News
2 months ago

Infosys to roll out 6-8% annual salary hikes in India from January 2025: Report

Hindustan Times  

Infosys will be rolling out 6-8% annual salary hikes for employees in India from January 2025, according to a Moneycontrol report. "Broadly, the comp that we are expecting is 6-8% in India, and the overseas comps will be in line with the earlier comp reviews," the report quoted Infosys’ Chief Financial Officer Jayesh Sanghrajka as saying while addressing the press …

Infosys is said to offer 6-8 per cent salary hike to employees
2 months ago

Infosys is said to offer 6-8 per cent salary hike to employees

India Today  

Infosys is reportedly gearing up to offer a salary hike of 6-8 per cent to its employees, with the increments set to be rolled out in two phases, starting from January 1, 2025, and April 1, 2025. Jayesh Sanghrajka, the Chief Financial Officer of Infosys, indicated that these salary hikes are likely to impact the company’s margins in the last …

Ex-Infosys employee opens up about 9 years of ’unchained’ slavery, reveals personal story
2 months ago

Ex-Infosys employee opens up about 9 years of ’unchained’ slavery, reveals personal story

Live Mint  

An ex-Infosys employee shared his experience of working at Narayana Murthy's Infosys, drawing a stark contrast between the work culture at Infosys and other big tech firms. He said, “I earn ₹ 1.7 lakh—nearly 400% more.” However, engineers receive only an 80- 100 per cent hike if they switch from Infosys to their current company. He said, “I earn 1.7 …

Salary hikes coming! Infosys workers may get pay bumps from February, says report
2 months, 1 week ago

Salary hikes coming! Infosys workers may get pay bumps from February, says report

Live Mint  

Employees of IT giant Infosys may get letters regarding their salary hikes in February 2025, according to a report by The Economic Times citing sources. All employees at job level five and below are likely to get raise from February, with effect from January 1, 2025, in what will be a sweet start this new year, the report added, citing …

Infosys delays salary hikes, here is when employees will get it
Trending News
2 months, 2 weeks ago

Infosys delays salary hikes, here is when employees will get it

India Today  

Infosys has delayed its annual salary hikes, with employees now getting increments in the fourth quarter of the current financial year. Other IT firms like HCLTech, LTIMindtree, and L&T Tech Services have also skipped salary hikes recently in efforts to manage costs and maintain profitability. MoneyControl reported that the company’s margins improved slightly by 10 basis points thanks to cost-saving …

Infosys defers annual salary hikes to fourth quarter: Report
Trending News
2 months, 2 weeks ago

Infosys defers annual salary hikes to fourth quarter: Report

Hindustan Times  

Infosys Ltd, India’s second-largest information technology services company has deferred annual wage hikes to the fourth quarter of the financial year 2024-25, Moneycontrol reported. Usually the wage hikes are implemented earlier in the year, and the postponement reflects the uncertainty in global demand for IT services, delayed client budgets, and macroeconomic uncertainties, according to the report. Infosys had said on …

Infosys techie quits job to become a farmer in Japan, earns double of his salary
1 year, 10 months ago

Infosys techie quits job to become a farmer in Japan, earns double of his salary

India Today  

Not many people can say for sure that they are actually passionate about what they do for a living. One such person is Venkatasamy Vignesh, who quit his stable job at Infosys and took up Brinjal farming in Japan. Vignesh's parents were, as per the report, quite happy when he got a stable income job at Infosys. "Here, I live …

Infosys Hiring 2022: IT Major to Recruit 50,000 Freshers, Start Salary Hike from this Month
2 years, 11 months ago

Infosys Hiring 2022: IT Major to Recruit 50,000 Freshers, Start Salary Hike from this Month

News 18  

As attrition rates continued to rise amid a robust environment full of demand, software major Infosys said on Wednesday that it has hired 85,000 freshes — both off campus and on campus — in the financial year ended March 31, 2022. Infosys Hiring Infosys hired as many as 54,396 employees for the year, and the company said that it was …

Infosys Q2 Net Profit Up 20.5% at Rs 4,845 Cr, Announces Pay Hike with 100% Variable Pay to Employees
4 years, 5 months ago

Infosys Q2 Net Profit Up 20.5% at Rs 4,845 Cr, Announces Pay Hike with 100% Variable Pay to Employees

News 18  

India’s second-largest IT services company Infosys on Wednesday said its consolidated net profit grew by 20.5 per cent to Rs 4,845 crore for the September quarter, and it has raised revenue forecast to 2-3 per cent for FY21. The Bengaluru-based company’s revenues rose 8.5 per cent to Rs 24,570 crore in the quarter under review, from Rs 22,629 crore in …

Infosys pays Rs 6 lakh in compounding fees to settle ex-CFO Rajiv Bansal's severance payment row
5 years ago

Infosys pays Rs 6 lakh in compounding fees to settle ex-CFO Rajiv Bansal's severance payment row

Firstpost  

Infosys had agreed to pay Bansal a severance amount of Rs 17.38 crore or 24 months of salary, but the company suspended payments after he got Rs 5 crore as co-founder NR Narayana Murthy and others objected to the package as excessive New Delhi: Infosys on Monday said it has paid Rs 6 lakh as compounding fees in the matter …

Infosys' former CEO Vishal Sikka got Rs 13 cr remuneration for FY18 from the company
6 years, 9 months ago

Infosys' former CEO Vishal Sikka got Rs 13 cr remuneration for FY18 from the company

Firstpost  

New Delhi: Former Infosys chief executive Vishal Sikka, who quit in August last year after a protracted row with the company’s founders, received Rs 12.92 crore remuneration for 2017-18. He had received Rs 16.01 crore in 2016-17, according to the company’s annual report for last fiscal, 31 ended March. Infosys Chief Operating Officer UB Pravin Rao saw his remuneration going …

Infosys learns from Vishal Sikka spat, leaves no room for conflict in contract for new CEO
6 years, 11 months ago

Infosys learns from Vishal Sikka spat, leaves no room for conflict in contract for new CEO

Hindustan Times  

Infosys Ltd, under chairman Nandan Nilekani, appears to have drawn lessons from the ugly public spat with its first non-founder chief executive to draw a contract with current CEO Salil Parekh that leaves little scope for potential disagreements or legal trouble. Salil Parekh’s contract has a non-compete clause that says he cannot work with eight IT firms for six months …

Infosys looks to reboot under new CEO after stormy 2017
7 years, 2 months ago

Infosys looks to reboot under new CEO after stormy 2017

Live Mint  

New Delhi: Each new year holds the promise of a fresh beginning. With its new CEO Salil Parekh taking charge on 2 January, Infosys will certainly hope to turn the page in the coming year as it seeks to move on from the year-long, public standoff between its high-profile promoters and the past leadership that kept it in the spotlight …

Infosys to hire 6,000 engineers over next 1-2 years
7 years, 6 months ago

Infosys to hire 6,000 engineers over next 1-2 years

India TV News  

Unfazed by the recent upheavals at the board, Infosys will continue to hire about 6,000 engineers annually over next 1-2 years, same as last financial year, according to a top company official. This year that just concluded we had a net addition of 6,000 and we expect similar kind of additions over the next 1 or 2 years, depending on …

Infosys' senior staff salary cut by up to 47% in FY16 but founders not convinced
8 years, 1 month ago

Infosys' senior staff salary cut by up to 47% in FY16 but founders not convinced

Firstpost  

Of the 195 senior executives that earned a salary of over Rs 5 lakh per month, 88 of them witnessed fall in their gross remuneration by 0.45 percent to 47.31 percent in 2015-16 While differences between Infosys board and its founders came out in public last week over the marked rise in salary and severance packages given to select executives, …

Infosys row: Where it stands, from Vishal Sikka’s salary to Bansal’s severance pay
8 years, 1 month ago

Infosys row: Where it stands, from Vishal Sikka’s salary to Bansal’s severance pay

Live Mint  

New Delhi: Infosys’s co-founders have raised several issues that they cite as coporate governance lapses at the company. Infosys Ltd co-founders were unhappy at the huge severance package paid to Rajiv Bansal, the IT major’s former chief financial officer. Infosys chairman R. Seshasayee said that the board had learnt not to be subjective about severance and make it part of …

Infosys founders raise questions over co governance, CEO Vishal Sikka's salary
8 years, 1 month ago

Infosys founders raise questions over co governance, CEO Vishal Sikka's salary

Firstpost  

For the current year, Vishal Sikka’s yearly compensation has been fixed at $11 million, sharply higher than $7.08 million in 2016 India just witnessed one of the most acrimonious corporate boardroom battle between the Tatas and the group’s ousted chairman Cyrus Mistry in recent times, which grabbed the media attention for past few months. Among various issues that have irked …

CEO Vishal Sikka, COO Pravin Rao among 54 crorepati employees at Infosys
8 years, 10 months ago

CEO Vishal Sikka, COO Pravin Rao among 54 crorepati employees at Infosys

India TV News  

Bengaluru: Infosys, India’s second largest outsourcer, currently has 54 employees who earn annual salaries of at least Rs 1 crore, the company said in its annual report. The report further stated that the number of crorepati employees may fall in the next financial year as six such employees have quit Infosys, including chief financial officer Rajiv Bansal, whose annual salary …

Infosys makeover: How Vishal Sikka is quietly phasing out an NRN legacy
8 years, 10 months ago

Infosys makeover: How Vishal Sikka is quietly phasing out an NRN legacy

Firstpost  

With better salary hikes at Infosys, Sikka may be moving away from a Murthy legacy but is surely steering a major change With Vishal Sikka speeding up the Infosys makeover, another legacy may be dying a slow death at the software major - the philosophy of compassionate capitalism, indicates a report in The Times of India today. However, a report …

Infosys CEO Vishal Sikka now as highly paid as Cognizant’s Francisco D’Souza
9 years ago

Infosys CEO Vishal Sikka now as highly paid as Cognizant’s Francisco D’Souza

Live Mint  

New Delhi: Infosys Ltd’s board on Wednesday decided to extend Vishal Sikka’s tenure as chief executive officer by two years to 2021, crediting him with putting India’s second largest software services firm back on the growth path. The extension gives Sikka, who took over as Infosys’s first non-founder CEO in August 2014, a chance to steer Bengaluru-based Infosys towards its …

Infosys gives 6-7 per cent wage hike to employees
10 years, 11 months ago

Infosys gives 6-7 per cent wage hike to employees

India TV News  

Bangalore: Country's second largest software services firm Infosys has raised salaries of its employees in the country by 6-7 per cent and by 1-2 per cent for onsite workers, effective April 1. We have given salary hikes of 6-7 per cent for offshore and 1-2 per cent onsite employees, effective April 1,” Infosys CFO Rajiv Bansal said.The increase in salaries …

Infosys to sack non-performers
11 years, 1 month ago

Infosys to sack non-performers

India TV News  

New Delhi: Software services giant Infosys, which employs 1.5 lakh people, may hand over pink slips to those who “did not add value” despite “high salaries” as it looks to cut costs and increase operational efficiency. Narayana Murthy, who returned last June from retirement to head the firm and put it back on high growth trajectory, said that employees hired …

Infosys announces 8% average salary increment for FY14
11 years, 9 months ago

Infosys announces 8% average salary increment for FY14

India TV News  

New Delhi, June 13: Infosys, India's second-largest software exporter on Thursday announced salary increments of an average 8% for the financial year 2014. The global sales force will see an average increase of 8% which will be effective May 1, 2013.Employees based in other geographies, who have not been covered by salary increases in February 2013, can look forward to …

Infosys denies laying off 5,000 employees
12 years, 2 months ago

Infosys denies laying off 5,000 employees

Firstpost  

Amid all the cheery predictions about optimistic business sentiment in 2013, Infosys, the poster boy of the Indian IT sector, is playing the killjoy at the party as the company is likely to let go close to 5,000 of its staff. Infosys denied a media report stating that it was laying off 5,000 employees, CNBC TV18 reported_._ Earlier_,_ Economic Times …

Infosys to raise offshore employee wages by 6%
12 years, 5 months ago

Infosys to raise offshore employee wages by 6%

Firstpost  

In a move that will bring respite to its employees, IT major Infosys today said it will increase salaries for its staff in India by about six percent. Bangalore: In a move that will bring respite to its employees, IT major Infosys today said it will increase salaries for its staff in India by about six percent. Infosys BPO, which …

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