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Infosys kicks off holiday season with long-awaited pay hike, HR News, ETHRWorld


hr.economictimes.indiatimes.com | www.ETHRWorld.com

<p>"We are pleased to revise your compensation in acknowledgement of your commitment and performance with effect from November 1, 2023," said the Friday communication sent to employees, which has been reviewed by ET</p>
“We are pleased to revise your compensation in acknowledgement of your commitment and performance with effect from November 1, 2023,” said the Friday communication sent to employees, which has been reviewed by ET

Infosys has kicked off the holiday season by handing out salary revision letters to a large number of its employees on Friday, buoying sentiment at a time when the information technology sector has been battling sluggish demand for technology services worldwide.

The hikes, which typically are effective from April 1, have now been announced from November 1, 2023, ET has learnt. It does not include reviews for entry level workers of the IT services major, according to people aware of the matter.

“We are pleased to revise your compensation in acknowledgement of your commitment and performance with effect from November 1, 2023,” said the Friday communication sent to employees, which has been reviewed by ET.
The compensation review programme is for the year 2023-24, according to the company. The email communication also thanks employees for “un-paralleled support and efforts to overcome the current challenges and ensure success in all aspects.”

The average hike this time is likely to be below 10%. “Several employees have received hikes in single digits while some are also in low-double digits. The average hike is likely to be under 10%,” multiple people aware of the development said.

The letters have been sent a day…


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