Some information technology and software companies operating in India have struggled with high friction rates for the last few quarters, with more employees left their jobs. To fight this problem, many IT companies including Wipro, Infosys, HCL Consultation and Technology Consultation services have announced steps including salary and bonus increases to maintain employees. Wipro salary increases for employees will be implemented starting in September, the new company said.

The following is how the company plans to maintain employees through salary increases, bonuses, and other benefits:

Wipro

In accordance with the report by Mint, Wipro said that there was no change in the salary increase plan, and the same thing would be launched from September. “There is no change in our previous statement about salary increases, and the increase for our employees will be effective starting September 1, 2022. We have also completed the first cycle of effective quarterly progress July 1, 2022. We do not have further comments about the Quantum of Variable Pay, “Wipro was quoted by the newspaper.

The company’s response came in the middle of a report that they would not consider the increase for certain employee bands. “Wipro will launch several promotions for its employees, starting in July. In the future, the company has decided to offer quarterly promotions to the best performing players, to the level of middle management. “Wipro is expected to launch an increase in September,” said Major IT before.

Infosys

Even when the friction rate remains high, the main Infosys raises the salary and net recruitment can also increase which can affect the company’s short -term margin. The company believes that it will reduce the friction rate, which rises to 28.4 percent during the June 2022 quarter compared to 27.7 percent in the previous quarter.

Announced the results of Q1, Head of Finance Infosys Nilanjan Roy said, “We trigger a strong growth momentum with strategic investment in talent through recruitment and revision of competitive compensation. Although this will have an impact on margin in the near future, it is expected to reduce the level of friction and position us well for future growth. We continue to optimize various cost levers to encourage efficiency in operations. “

TCS

The largest IT company in India, Tata Consultancy Services said that it would give a 5-8 percent salary increase to its employees, after the company recorded a high level of friction of 19.7 percent during the current financial year boxing quarter.

Informs that TCS salaries have increased to 8 percent, the Head of the Milind Lakkad Milind Company HR Office said, “After our annual compensation review, employees receive a salary increase of 5 to 8 percent, with the best performing to get a greater increase. Our work culture that empowering and based on performance helps us attract local talents in all of our main markets. “