Infosys and HCL delaying hikes to next year is disappointing. It impacts employee morale and financial planning. However, it's a business decision, possibly due to economic conditions. Stay focused and adaptable.

Actuarial Associate

Software Engineer

Welcome to IT Company Discussion's Private Community

The global demand for IT services has slowed down. Clients are delaying their budgets, and companies are spending less on services. This uncertainty, along

Infosys, HCLTech, and LTIMindtree delay salary hikes until Q3 FY25

Infosys & HCL delay Hikes to next year

Infosys & HCL delay Hikes to next year- Grapevine

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- Major Indian IT companies like Infosys, HCLTech, and LTIMindtree have deferred wage hikes to Q3 FY25 due to sluggish demand. 
- This delay reflects the uncertainty in the global demand environment, particularly for discretionary IT services. 
- Aggregate margins may increase by 25 basis points sequentially, with HCLTech leading. 
- However, not all firms are benefiting equally from this cost-saving measure. Mid-tier players may still face headwinds related to earlier commitments to employee compensation. 
- Analysts are optimistic that wage hikes are imminent as the worst is believed to be over.

Source: [Moneycontrol](https://www.moneycontrol.com/technology/infosys-hcltech-ltimindtree-shift-wage-hikes-to-q3-to-sustain-margins-amidst-weak-demand-article-12834589.html)

Indian IT Firms Delay Wage Hikes Amidst Weak Demand

Journalist

- Nearly 2,000 freshers offered positions by Infosys in 2022 are still waiting to be onboarded, according to affected individuals who spoke to Moneycontrol.
- These roles are for System Engineers and Digital Specialist Engineers, with pre-training sessions conducted as recently as August 19.
- Many candidates have not received credentials to log in to the online portal for pre-training sessions, which were to begin on August 19.
- Pune-based IT employee union NITES has requested the Ministry of Labour & Employment to investigate Infosys for alleged 'exploitation and unprofessional treatment' of these graduates.
- Infosys had hired over 50,000 freshers in FY 2022-23, which plunged to nearly 11,900 in FY 2023-24, amid fears of a looming recession and reduced discretionary spending in major markets. 

 Source: [Moneycontrol](https://www.moneycontrol.com/technology/infosys-delays-onboarding-of-nearly-2000-freshers-from-2022-batch-article-12802034.html)

Infosys Delays Onboarding of Nearly 2,000 Freshers from 2022 Batch

Mubarak ho TCS folks

Product Manager

My joining date in infosys is on September 26, 2024.
Will I be a part of the 2025 appraisal cycle or do I need to wait till 2026 for my next hike?

Infosys hike and appraisal cycle

Lead Consultant

- India's Nifty 50 index rose to record highs on Monday, driven by strong performance in the IT sector.
- The NSE Nifty 50 climbed 0.4% to a record high of 24,598, while the S&P BSE Sensex added 0.2% to 80,654 points.
- Strong buying in IT stocks, particularly after TCS's positive results, provided a significant boost to the market.
- HCLTech saw a 3.5% rise in shares after reporting increased revenue and growth projections for the ongoing quarter.
- Indian IT companies have benefited from expectations of a U.S. rate cut, with the odds of a 25 basis point cut rising to 90%. 

 Source: Reuters

IT Stocks Lead Rise in India's Nifty 50 to Record Highs

Welcome to Software Engineers's Private Community

I have been hearing from multiple friends across organizations in India. Lay offs are not in news but happening silently across boards. Companies are on cost cutting mode. Interesting year ahead

Silent layoffs happenings across organizations

Thank you for sharing this. 
  
 Was not knowing about silent layoffs happening. 
  
 But one interesting thing I have observed is that many organizations are now deliberately making the work environment more pressurised and/or toxic to reduce the headcount so that they don't need to layoff people.

Software Test - QA

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Like food (free or not), insurance and other stuff

How is Infosys in terms of employee benefits?

Strategy & Operations

Does Cognizant give a good hike to its employees? What was the average percentage of increment given in Cognizant in 2024?

Cognizant hike 2024

Scrum Master

Many companies laying off employees while they're hiring parallely, if you know any such companies please share there name....so we don't end up joining such confusing workplace......

Hiring and firing parallely

In Zomato and Blinkit they putting pressure on employees based out of Bangalore office to either relocate to Gurgaon office or creating situation where they end up resigning

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I'm working at payU payment from 2 years and from last two years they are giving the increments in single digit, is the market is bad ? Last year I got 4% increment I was informed by my manager that company is not doing good same has happened this year again I got only 4% incriment. In my team I have seen people are getting 8-10% also and in other team few have got 12% also, however I feel even 12% is the highest still it seems too low. is this is happening everywhere or it's just payU?

How do the increments happen this year?

- Salil Parekh confirms every offer given will result in employment at Infosys
- Some onboarding dates have been changed, but all recruits will eventually join
- Comments address reports of 2,000 fresh engineering graduates facing delayed onboarding
- Infosys currently has an employee base of 315,332 as of June 2024
- NITES union filed complaint with Ministry of Labour over 2-year delay for 2022-23 recruits 

 Source: [Telegraph](https://www.telegraphindia.com/business/infosys-ceo-salil-parekh-on-2022-batch-oboarding-delays-dates-changed-but-everyone-with-offer-will-join/cid/2043669)

Infosys CEO Assures All Offered Positions Will Be Honored Despite Onboarding Delays

Hi Accenture folks,

What's the hike scenario in Accenture? Is it the same as tcs in single digit like 2% 3% type or in double digits??

Any comment will be very appreciable. Thanks for reading 👍

Accenture hikes

Team Lead

I  have joined Infosys in November 2021 and I have not received any hike yet.can i except hike in june-july 2024

Consultant

TCS and Infosys came out with their quarterly results and the results were in alignment with the predictions. But the management were keen on cutting the future growth aspects there was a cut in future number expectations and the tone was a bit tense overall. What can we make of it? How does this affect the future of the JOB Market? Will they have to increase their headcount for growth? Won't the IT Industry require more force to push more hard?

Let's discuss. 🎤🎤🎤

What can we make of the recent TCS & INFY numbers ?

Software Developer

Hi guys which company is better in terms of salary, work life balance and job satisfaction for a 16 years experienced solution architect?
I need to make a decision soon. So please help 🙏🏻

Infosys vs Persistent

Infosys released its quarterly revenue numbers, hitting ₹40,986 crore, which is a 3.8% bump from last quarter. The IT powerhouse has also upped its FY25 revenue growth outlook to 3.75-4.5%. While net profit saw a 2.2% increase, the company is finding opportunities in markets like the Middle East and Japan, even as some sectors face challenges.

Infosys Posts ₹40,986 Crore Revenue, Signals Strong Growth Ahead - Looma News

Infosys Posted Quarter Revenue

It took 3 months for Infosys to hire me. I could imagine in the process on how people are so lenient. 

The most suprising part: HR didn’t bother to send Congratulation email on clearing the interview rounds and there was no audit trail that whether I am giving any interviews or not. 

I hope many people would agree from Infosys.

Infosys

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Hey guys, I'm having my managerial round discussions with Accenture next week so trying to inquire more about the company's performance. 
Vertical - Technology
1. Since last year there were almost no hikes given, what is the expectation for this year? 
2. If I join by October, will I be considered for hikes this cycle? My guess is no. Let me know. 
3. My current firm is set to release next hike by May 2025 but if I join Accenture I will have to wait for a hike in Dec 2025. That means 1.5 years without a new compensation. What's the percentage I should be asking rn?

Any suggestions, please?

Infosys & HCL delay Hikes to next year

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