Infosys announces wage hike. this is a right decision by Mr.Narayanamoorthy - Owner .
NR Narayana Murthy has made his first significant move upon returning to Infosys by effecting an unexpected round of wage increases for the company's 1.5 lakh employees. By doing so, analysts said, the Infosys chairman is trying to kill several birds with one stone, displaying tactical finesse that has earned him a reputation as one of India's canniest entrepreneurs.
On Thursday, less than a fortnight after Murthy came back to helm the company, Infosys announced an average increment of 8% for India employees, effective from July 1. For employees outside India, the company said the increments will be 3%.
All right he has not told any thing about many employees who left Wipro and started their own Business in the same field with the same Business contacts were doing the business at low cost than the Wipro company rates. In Fact few employees hold Vice President Position and earn about 2 Lakhs Per Month as salary where as the same employee of Wipro earned about 40 to 50,000 Rupees per month . More than 4 times now they earn at Chennai in India.
Narayana Murthy recalls old hands to Infosys
so in my view I think the decision by Narayanamoorthy is, Off course ,Right. Wipro ,TCS,CTS and few others may follow NR Narayana Murthy of Infosys. These companies generate huge revenue from Projects from companies like Apple.com. This step will stop reducing employees or employees will not think about their change in their business.
Thanks.
NR Narayana Murthy has made his first significant move upon returning to Infosys by effecting an unexpected round of wage increases for the company's 1.5 lakh employees. By doing so, analysts said, the Infosys chairman is trying to kill several birds with one stone, displaying tactical finesse that has earned him a reputation as one of India's canniest entrepreneurs.
On Thursday, less than a fortnight after Murthy came back to helm the company, Infosys announced an average increment of 8% for India employees, effective from July 1. For employees outside India, the company said the increments will be 3%.
All right he has not told any thing about many employees who left Wipro and started their own Business in the same field with the same Business contacts were doing the business at low cost than the Wipro company rates. In Fact few employees hold Vice President Position and earn about 2 Lakhs Per Month as salary where as the same employee of Wipro earned about 40 to 50,000 Rupees per month . More than 4 times now they earn at Chennai in India.
Narayana Murthy recalls old hands to Infosys
so in my view I think the decision by Narayanamoorthy is, Off course ,Right. Wipro ,TCS,CTS and few others may follow NR Narayana Murthy of Infosys. These companies generate huge revenue from Projects from companies like Apple.com. This step will stop reducing employees or employees will not think about their change in their business.
Thanks.
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