Infosys to roll out salary hikes, promotions across all levels

Infosys today announced that it will roll out salary increases and promotions across all levels effective 1st January. Infosys also said it is giving 100% variable pay along with a special incentive for Q2. Infosys had over 2.40 lakh employees as of September end. The IT services company made this announcement while declaring its quarterly results.

“The strength and resilience of Infosys was fully visible in Q2 with operating metrics witnessing a healthy increase, broad-based growth, highest ever large deal TCV at $ 3.15 billion and attrition reducing to single digits,” said COO Pravin Rao. “Employees have been critical part of our success. As a recognition of their stellar performance, we are giving 100% variable pay along with a special incentive for Q2. Additionally, we are rolling out salary increases and promotions across all levels effective Jan 1st.”