Tough time ahead for Infosys employees
Employees of
Infosys Technologies may have to live with a salary cut and without any
significant increment, even as the IT bellwether has virtually frozen fresh
recruitments on account of the global meltdown, a top company official has
said.
"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 T.V. 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 honour the 20,000 campus offers made
last year, but added that fresh hiring has been frozen.
Speaking about the fallout of the $1.43-billion Satyam Computer Services scam,
Pai said Infosys had, indeed, received offers from some customers of the rival
group, which were being analysed.
"Our chief executive officer (K. Gopalakrishnan) had earlier made an
announcement that we have received offers from Satyam customers," he said,
adding: "But we do not go and poach on customers."
Gopalakrishnan had also said last month that there was no pro-active move on
the part of his company to approach Satyam customers. "But if they come on
their own, we will look into their proposals case-by-case."
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