Infosys, India's second largest IT firm, employees of which has a tough time ahead, they may not have plum sum increment this year and it can even worsen that company may decrease their pay scale, reports suggests.
"A part of our salary is determined by variable sales component, which is the percentage of the company's revenue," said Infosys' director for human resources TV Mohandas Pai. "Since the revenues are down, the salaries will naturally be trimmed."
Speaking to reporters on the sidelines of a press conference here, Pai said the leading software exporter and business process outsourcing firm may also opt out of salary hikes because of the slowdown.
"The increments may not happen this year. But, if they do, they will be subdued." Pai also maintained that the company will honor the 20,000 campus offers made last year, but added that fresh hiring has been frozen.
Ref: IndiaTimes
--Gopi
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