Revealed! Infosys Gives Salary Hikes Upto Rs 6 Crore

BANGALORE: Infosys has increased the salaries up to Rs 6 Crore for its executives, including executive vice-presidents and a few vice-presidents reports rediff.com.

A rise in their pay packages includes some of the recent recruits from German enterprise software maker SAP, the previous employer of Infosys chief executive Vishal Sikka.

Kris Lakshmikanth, chief executive and managing director of executive search firm Headhunters India said, “After this, you might see at least 30-40 executives in other Indian IT firms joining the $1-million salary club.”

Most of them agree to this as an effective way which will help Infosys to identify global talents and restrict senior-level exits. It will also motivate employees to perform better.

C K Guruprasad, principal (global technology & services,) Heidrick & Struggles said, “What we are seeing at Infosys is a continuation of what it has done, in terms of hiring its chief executive.”

He added “Clearly, Infosys wants to be compared with global multinational companies. So, it is moving into that league by breaking away from the mindset that ‘just because we are an Indian company and employing Indians, we should pay them traditional salaries.’ It does not work that way anymore, because now, talent is global and highly mobile.”

On an average, Indian IT companies pay lower compensation packages to senior executives, such as vice-presidents and senior vice-presidents, compared to their global counterparts. Sources say those at similar positions in IT services businesses for companies, such as Accenture, Dell, HP, CSC and Capgemini are paid much more.

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