Infosys to roll out average 60% variable pay for January-March quarter

Infosys has rolled out an average of 60% variable pay for the fourth quarter of 2022-23, which was impacted by a volatile market and uncertainties, documents accessed by ET show.

India’s second-largest software exporter had rolled out 70% variable pay during the first quarter of FY23 and 65% in the second quarter.

“While FY23 was a year of strong performance overall, the quarter that went by was impacted by a volatile market and unforeseen events,” the communication said. “As we remain vigilant to the changes in the market, we must also see this as an opportunity to rally as a group and remain committed to navigating the changing business landscape,” it said.