Infosys Announces Salary Hikes, Promotions

Infosys Announces Salary Hikes, Promotions

Infosys will roll out salary hikes and promotions for employees across all levels, with effect from January 1, 2021.


The employees will also get 100 per cent variable pay along with a special incentive for the second quarter.


Infosys CEO and MD Salil Parekh said, "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."


"We restarted promotions in the last quarter at our junior levels, and this will now be expanded to all our levels," he added.


The total headcount of the company had over 2.40 lakh employees by the end of September 2020. Recently, Tata Consultancy Services Ltd (TCS) also announced salary hike for its employees.


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