Traditionally, Infosys rolls out its annual salary hikes for employees below the senior management in April, with other people in the organisation receiving their share of hikes in July
Accenture for instance will not be providing salary hikes to its employees in India and Sri Lanka this year, except in critical skill areas and where it is legally mandated
Citing macroeconomic conditions, many IT companies have opted to hand out small increment or defer salary hikes this year
Infosys CEO Salil Parekh saw his total pay jump by 43% to Rs 71.02 crore, the company's annual report showed
India's second-largest IT services firm Infosys on Wednesday said it will roll out salary hikes and promotions across all levels effective January 1
There will be more focus on differentiation based on performance and contribution
Stocks would be vested over 4 years and is linked to performance of the individual and the company