Most Infosys staff to get 5-7% pay hike; seniors, onsite being finalised

 Infosys staff learned earlier this week that most of them will get salary hikes in the range of 5-7%, at a time when founder Narayana Murthy is fighting to keep his 1,50,000 people team motivated.

While the company is expected to make public the salary hike plans on the day of its earnings results in April, "internally staff were told on the company's intranet," a person with direct knowledge told ET.

The salary hikes that have been finalised includes those up to the JL6 level (Job Level 6), which means junior to mid-level staff that would comprise the "bulk of the company," the person said.

Salary increases are yet to be finalised for both onsite employees and JL7 and higher positions, typically those in relatively senior leadership positions, such as assistant vice presidents, vice presidents and so on.

The company will announce salary increments for the fiscal year starting April during its financial results announcement on April 16, Infosys said in a statement.

"The new salary hikes come nine months after we announced our last salary increases in July 2013," Infosys added, in the statement.

When Narayana Murthy returned in June to try and pull the company out of the morass it was stuck in, following two years of industry lagging performance by then, one of the first decisions attributed to him was an average 8% pay hike for most staff in India, in July 2013.

In January, Murthy also said the company was looking to return to its old practice of announcing salary increments effective April.

"We will leave no stone unturned," Murthy told investors including those from Franklin Templeton and SBI Mutual Fund on Wednesday, in getting the company back to its glory days.

He also said the company's leadership was making the effort to keep employees motivated.