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Infosys to roll out salary hikes from Jan 2021, incentives to junior staff

Source | wap-business–standard-com.cdn.ampproject.org | Press Trust of India

India’s second-largest IT services firm Infosys on Wednesday said it will roll out salary hikes and promotions across all levels effective January 1.

Infosys is also giving 100 per cent variable pay, along with a special incentive for the second quarter. The Bengaluru-based company has 2,40,208 employees at the end of September 2020 quarter.

“Recognising the continuing stellar commitment from our employees during these times, we are paying out variable pay for the quarter at 100 per cent. We will pay a one-time special incentive in Q3 for our junior employees,” Infosys CEO and MD Salil Parekh said during a virtual briefing.

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