Infosys Salary Hike: Employees Get Up To 25% Increase In Pay

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At a time when the IT sector is facing headwinds, Infosys has given 10-13 % salary hikes to a large part of its employees.

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The top performers received increments in the range of 20-25 %, according to a livemint report.

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“It would vary between 10 per cent and 13 per cent, and in some cases, top performers have got 20-25 per cent," the report quoted Krish Shankar, executive vice president.

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Specialist staffing firm Xpheno said that as the Indian IT industry, which saw crazy salary hikes and bonuses recently.

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Big tech companies, including TCS, HCL Tech and Wipro, are also slowing down on hiring and have also frozen it.

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IT services cohort has witnessed a 41 per cent decline in hiring action since April 2022, according to data from Xpheno.

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Tech startups have slowed their hiring by 63 % and the software products cohort has dropped hiring action by 58 %.

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The data suggest an overall drop of 60-70 % in the number of offers chasing talent.

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Experts say the primary reason for high attrition is that the growth opportunities are now relatively lesser in the IT sector as compared to other sectors.

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