85% Infosys Employees Will Receive Increment
Infosys, an Indian IT services, announced that it will increase the salary of a major portion of its 2 lakhs employees from “mid-single digit to high-single-digit”, starting April onward.
Moreover, the firm set aside a special bonus pool worth $10 million that employees will receive as incentives on their variable salary that has been hiking since a year already.
“We are also pleased to announce compensation revision for 85% of our employees starting April. For rest of the employees, primarily middle management and senior management, it will be effective July 1. This is for both onsite and offshore,” said Infosys Chief Operating Officer UB Pravin Rao.
The COO also announced that most of the firm’s employees operating in India will receive raises from “mid-single digit to high-sing...