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Infosys Increases Employees' Salaries Effective October

While declaring the muted second quarter earnings, the IT bellwether Infosys announced an offshore wage hike of 6 per cent and onshore wage hike of 2 per cent for its employees effective October 2012.

Infosys added 2,610 employees in the second quarter and increased its utilization rate to 69.6 per cent as against the rate of 67.2 per cent in the previous quarter.

Amongst all major software companies, only Infosys didn't hiked employee wages in April due to the uncertainty in the business environment. Nevertheless, the company gave out promotions-linked increments to about 16,000 employees earlier this year.

Infosys