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Business India

Infosys to retain employees with training programmes aimed at giving 80-120% salary hike

In a bid to retain employees, Infosys has started new programmes to help workers hone their skills and earn a better salary package amounting to double what they earn.

The bridge programmes will also help the employees move to high-demand jobs within the company. They could earn almost Rs 8 lakh to 9 lakh per annum opposed to a fresher’s salary of Rs 3 lakh to 4 lakh per annum.

Infosys’ bridge programmes, which began this year, cater to employees who have been in the company for at least three years and will teach them new digital practices, designing, programming and even assist them in consulting.

The courses include bridge to power programming, bridge to design, tech architecture and full-stack development.

“We are focused on creating a flexible internal marketplace for our talent to grow, instead of them leaving to join, say, an MBA course. These programmes provide people with alternative career growth opportunities,” human resources head Krish Shankar told The Times of India.

The programmes are for employees associated with the company for more than three years to stop them from moving to another company or pursue higher studies.

Infosys claims that this programme will facilitate employees to have an 80 to 120 per cent hike in salary, reports TOI.

Infosys feels that they will be able to take on the big guns like Deloitte, IBM and Capgemini.

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Disgruntled Google employees have published an open letter calling on the firm to cancel plans to build a censored search engine for China. The letter, signed by nine current Google employees, accuses Google’s leadership of failing to respond to concerns “for months”.

India Post, the postal network of the country, offers several savings schemes to mobilize small investments. One such savings scheme offered by India Post is the Public Provident Fund (PPF) account. PPF offers an investment avenue with decent returns coupled with income tax benefits. For the quarter ending December, PPF accounts fetch an interest rate of 8 per cent per annum. Interests on deposits are compounded on an annual basis, which means that it is added to the principal amount every year, noted India Post on it’s official website- indiapost.gov.in.

 

 

News credit :msn.com

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