Infosys to give 80% variable pay, here’s HR’s email to employees

Infosys has sent an email to employees about their quarterly performance bonus. The Bengaluru-based company will give September quarter (July-September) performance bonus to eligible employees at an average of 80% payout this month.

According to a report in Economic Times (ET), the company’s engineering team HR head has sent an email regarding the same to employees. ET is said to have seen the internal communication. Employees at position level 6 (PL6-manager) and below band – meaning those below manager category barring entry level – are reportedly set to receive the variable pay. While the average payout would be at 80%, individual payout is likely to differ based on employee’s performance and contribution for the quarter.

The Bengaluru-based IT giant, which had frozen salary hikes in FY23 to conserve cash, had started its annual appraisal cycle starting October.