Companies in Sri Lanka, particularly those in the Information Communication Technology (ICT) industry, have begun to opt for dollar-pegged salaries in the face of double-digit inflation, and more employees want their employers to follow suit the same.
As many employees are expressing their concerns about the impact of currency depreciation on domestic pricing levels, Sri Lankan companies are now opting for the dollar-pegged salary scheme to ensure that their employees’ living standards are not jeopardized as a result of unusual macroeconomic conditions.
Recently, Sri Lanka Open University Electrical and Computer Engineering Lecturer Indrajith Ekanayake conducted a survey to find out the companies that do dollar-pegged Salaries in Sri Lanka. In his survey with the professionals working at the Sri Lankan companies, he found 53 Sri Lankan companies that pegged salaries in USD, EURO, AUD, GBP, SGD, SDK (Swedish Krona), and BTC (Bitcoin). Between, some of the companies haven’t officially announced it yet. So, hope this list will help you get some Insights. Let’s check out the list of companies that do dollar-pegged Salaries in Sri Lanka.
List of Sri Lankan Companies That Do Dollar-Pegged Salaries
Sri Lankan Companies Pegged Salaries in USD
- Surge Global
- Mitra Innovation
- Calcey Technologies
- Emojot Inc.
- BlackSwan Technologies
- Sana Commerce
- Cloud Solutions International
- Fcode Labs
- Matific – Sri Lanka
- Treinetic (Pvt) Ltd
- Random Software Ltd
- ITS the1 Solutions LLC
- SigScale Lanka (Pvt) Ltd
- Ceylon Solutions
- Fidenz Technologies
- SriLankan Airlines
- VEZOLVE (Only a Portion of the Salary is Pegged)
- Stax Colombo (Pegged Performance Bonus to USD)
- Davton (Pegged for Employees Work Davton More Than 2 Years)
- Aeturnum (In the Process of Adapting)
- ConceptVines (In the Process of Adapting)
- Eyepax (In the Process of Adapting)
Sri Lankan Companies Pegged Salaries in EURO
- Prime One Global
- Axinom (Not Exactly Pegged But They Work with Euro and Give the Right Value to the People)
Sri Lankan Companies Pegged Salaries in AUD
- XigeniX Lanka (Pegging + All Employees will Get an Inflation Relief Allowance from April Onward)
- OpusXenta SL
- JRC Software
Sri Lankan Companies Pegged Salaries in GBP
- Brand Finance Lanka
- Trust Payments
- OntoMatrix (Pegged Its Performance Bonus to GBP)
- CodeLantic (Pegged Its Performance Bonus to GBP)
Sri Lankan Companies Pegged Salaries in SGD
Sri Lankan Companies Pegged Salaries in SDK (Swedish Krona)
Sri Lankan Companies Pegged Salaries in BTC (Bitcoin)
It makes more sense to pay employees in dollars because tech companies in Sri Lanka were paid in dollars by their clients and the companies perform much of their business in dollars for the purposes of obtaining equipment, Microsoft licenses, and so on. Also, the dollar-pegged salaries scheme seems a good option for our country’s current economic situation.
What do you think dollar-pegged salaries scheme is a better option? Let us know your thoughts in the comments!
If any companies are missing from the list, please let us know. We’ll include them in the list.