Infosys, HCL Salary Hikes: 'Stop Spending; Start Investing...' Expert On Portfolio Creation - See Post

Vivek Singhal, Founder - VSpartans Consultants Pvt Ltd, posted on X about the necessity of saving and building up a portfolio over the next decade, given the small per cent hike in salaries.

Singhal Posts on X

In a post on X, he wrote, " 3-4% salary hike to top performers 🙈

Don’t be too late; stop spending on unnecessary things, start investing; buildup a decent size of portfolio over next 10 years. 
Remember, there is no salary after retirement."

Singhal had re-posted a Tweet which said, “HCL Tech, India's 3rd largest IT company, gives 3-4% salary hikes to top performers, while junior employees with up to 10 years of experience received a 1-2% rise.”

Singhal Posts On X : Users Respond

One user replied, “Wait till March mid, attrition will rise exponentially. It's all a spiral effect.” 

Another user said, “All IT companies are successful in generating profits over 4-10 times the salary of each employee. But that surplus amount goes to dividends for shareholders, shares buyback, foreign company acquisitions, taxes and other CxO & admin expenses. But no growth to its employees. Sad!!” 

Another analysed, “But HCL gives 30 to 40% hike for new candidates which does not seem to logical as new joiner salary more than existing employees, are HCL employees not competitive and not upto industry ?”