Bengaluru-based Infosys is offering average pay hike of 6% to a majority of its employees based in India. It has also announced to give a 1%-1.5% wage increment to its workers in the U.S.
Chief Operating Officer (COO) Pravin Rao said the company had decided to cover 85% of its employees under the salary increment plan, effective from April 1. About 2,500 promotions had also been rolled out.
During the fourth quarter ended March 31, Infosys experienced an increase in attrition, most of which had happened in the three- to five-year experience band in India, and among the two- to three-year experience category of employees in the U.S.
Infosys said it was analysing the scenario. The company had taken steps such as mile-stone-based increments, reworked compensation packages and digital training and certification, to bring down attrition.
Infosys has a total employee strength of 2,28,123. In the last couple of years, it has been actively hiring in the U.S. and Europe as part of its localisation initiative.