“Beginning this fiscal, we have also increased the compensation by 15-20% for all those we take in at the management and technical cadre,” said chief human resources officer Apparao V V. The bulk of the hires will get annual salaries of Rs 3.6-3.8 lakh.
Infy has already surpassed its commitment made in 2017 to hire 10,000 American workers at its US operations.
Foreign fund managers have cut their stake in Infosys at a time when two whistleblower complaints hit the software major. In comparison, during the same period, these fund managers increased their stakes in Tech Mahindra and TCS, while in Wipro and HCL Tech their stakes were almost unchanged.
Indian IT has seen about a dozen such contracts in the past two years as clients seek their expertise for digital transformation. HCL took over the IT operations of Barclays and Broadcom, TCS of Transamerica, Wipro of Alight, and Infosys of Hitachi and Verizon.
The new rule mandates that the chairperson of the board must be a non-executive director.
Google contractor HCL Technologies had enlisted management consultant Eric Vanetti of Vantage Point Alliance to “create awareness” among employees to cast their votes against unionisation. Vanetti’s Twitter bio read that he’s an expert in workforce solutions and union avoidance.
Nasscom’s lobbying spends have risen significantly since 2015. It fluctuated between $40,000 and $150,000 between 2010 and 2014. But the tightening visa environment in the later years of US president Barack Obama and then Donald Trump appears to have compelled India’s IT industry to strengthen lobbying.
The median salary for devops specialists is $125,000 in the US, while their Indian counterparts get $15,000 for commensurate skills. In the UK and Germany, it’s $60,000.
Cognizant has cut the bench time for employees, opening up the possibility of more exits.
The company is letting go of 10% of the workforce, or around 2,200 people.
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