hr.economictimes.indiatimes.com | www.ETHRWorld.com
Bengaluru: Infosys employees will receive 80% of their variable pay in the June quarter, compared to 60% in the April quarter, sources told TOI. Some of the top performers have received payouts of 95%. In the June quarter last year, Infosys gave an average payout of 70%. Infosys rolls out a quarterly variable payout to its employees. Its larger peer TCS said 70% of the employees will get a 100% variable payout for the June quarter.
However, Infosys hasn’t rolled out salary hikes for the year yet. Asked about this during the earnings call, Infosys CFO Nilanjan Roy had said, “It’s under consideration.” An email sent to Infosys on the variable payouts and hikes didn’t elicit a response till the time of going to the press.
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