Infosys to roll out salary hikes from January 2021; pay special incentive to junior staff

India’s second-largest IT services firm Infosys on Wednesday said that 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 the 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.

The salary hike process will restart now and will be effective on January 1, 2021, he added.

“We restarted promotions in the last quarter at our junior levels, and this will now be expanded to all our levels,” Parekh said.