Bangalore: Infosys's IT sector is reportedly running under crises, and is unlikely to give a salary hike to its employees in the traditional hike month, which happens in April-May. The company's IT sector had a growth rate of sub-6 percent in the year 2012-13, reports Times of India.
However, Infosys's BPO division revenue, had a healthy growth rate of 17.8 percent in 2012-13, and is expected to announce a single digit hike in June for lower level employees.

The company's regular practice is to give promotion and the increment at the same time. However, this year, promotion letters have been already handed out, but the increment letters has not been given to the employees. The company may likely is to take a close watch on what the other industry does, before going for call on increments. Last year, the company gave a hike only in October.
Today, Infosys is going through a tough phase; as its revenues have decreased significantly, compared to its peers like TCS and Cognizant.

In order to tackle present crisis, the company reportedly claimed to have set a new salary structure where the fixed component would be higher.

According to Kris Lakshmikanth, CEO of recruitment firm Headhunters India, "The Company’s lackluster performance washed out a large portion of the variable pay for employees".
Lakshmikanth, highlighted that variable payout was as high as 50 percent of the total compensation at the senior level. Hopefully, the revised structure may be something that employees can look forward to.

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