Infosys employees in stress: Promotions and Increments may take a hit

With the month of appraisals ahead, the recent crisis in Infosys isn’t really going down well with the employees. India's second-largest software services exporter has already come under criticism after CEO Vishal Sikka got a hike of 55%. The co founder and IT veteran of the country Narayana Murthy as well as other promoters aren’t content with the present management and have called for an overhaul of the board.

Sikka’s compensation hike that rose to$11 million a year from $7.08 million has made the CEO compensation to median employee remuneration ratio to 935.38 times.

"People are happy with Vishal Sikka but not with his salary,” a Pune-based employee told The Economic Times.
"Infosys hasn't raised visa requests for the system engineers and senior system engineers. There is a general sense that promotions will be halted or delayed by using these governance issues and results as an excuse,” ET learnt from another employee.

Murthy, in an interview to ET, questioned the actions of Infosys Chairman R Seshasayee and independent director Jeffrey Lehman.

On Thursday, Sikka wrote to employees asking them not to be distracted by speculation about the company's commitment to governance, integrity and values, and highlighted the improvements the company has made in his tenure. Also the recent murder case at Infy’s Pune campus has dented the reputation of the IT exporter to some level.