Business Standard

Wednesday, January 08, 2025 | 07:50 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Sikka's plan to hire 10,000 Americans will cost Infosys $1 billion in wages

For 2016-17, Infosys' consolidated employee expenses stood at Rs 37,659 crore

Infosys, Vishal, Sikka, Vishal Sikka
Premium

Vishal Sikka. Photo: Suryakant Niwate

Vishal Chhabria Mumbai
Infosys’ planned move to hire 10,000 Americans would mean an increase of only  about five per cent in its workforce, but it might cost the company about $1 billion in wages, assuming an average annual salary of $100,000 to each individual. The company had 200,364 employees at the end of March. Analysts say Indian companies pay an annual salary of about $60,000 to an immigrant working for them on H1-B visa in the US.

Local employees (US citizens) costs about 20 per cet more than Indian immigrants. Earlier this year, a couple of Bills put up before the US House

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in