LAST week when Nasdaq-listed Cognizant rolled out an increment to employees after a fourmonth delay, it had to face criticism on social media as wage hike starting as low as 1%.
Soon, the company in a statement said the merit increases for this cycle are tied to both individual performance and macro industry dynamics. As per sources, employees with the highest rating received only a 4.5% salary hike. Tata Consultancy Services (TCS) rolled out double-digit wage hikes for high performers and an average 4.5% to 7% wage hike for the rest of the employees, with effect from April 1.
Infosys' last wage hike was in November 2023. Its CFO Jayesh Sanghrajka said during the Q1 earnings conference that they take multiple factors into account (inflation, peer practice) in case of a wage hike.
هذه القصة مأخوذة من طبعة August 21, 2024 من The New Indian Express.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة August 21, 2024 من The New Indian Express.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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