Infosys is set to roll out its salary hikes from November 1. The company’s Chief Financial Officer Nilanjan Roy announced this during the company’s second quarter earnings call.
Lately, during a companywide town hall, the company’s HR head Shaji Mathew announced the focus of the forthcoming compensation review cycle at Infosys would be tenured and high performing employees.
In other words, Infosys will reward employees for their loyalty to the company. For the unversed, tenured employees are those who have spent a certain number of years with the company.
During a town hall, the company’s HR head Shaji Mathew said the focus of the compensation review cycle at Infosys would be tenured as well as high performing employees
The second-largest IT company will reward employees for their loyalty to the company.
The second-largest IT company will reward employees for their loyalty to the company.
Infosys is set to roll out its salary hikes from November 1. The company’s Chief Financial Officer Nilanjan Roy announced this during the company’s second quarter earnings call, The Times of India reported.
Lately, during a companywide town hall, the company’s HR head Shaji Mathew announced the focus of the forthcoming compensation review cycle at Infosys would be tenured and high performing employees.
In other words, Infosys will reward employees for their loyalty to the company. For the unversed, tenured employees are those who have spent a certain number of years with the company.
Infosys is set to roll out hikes from November after deferring for nearly two quarters. The company usually announces salary hikes in June/July, and they are effective from April. It is noteworthy that the company did not clarify if this means that the cycle has been altered, reported The Times.
In an investor call post Q2 earnings, Nilanjan Roy, company’s CFO noted that the wage hike was postponed to counter the inefficiencies. These steps have improved the company’s margins by 50 basis points, he said.
“Like I said, we had a good quarter two. And as I explained in my margin walk, we nearly had a 50-basis points improvement from our project Maximus on cost optimisation,” the CFO said.
At the same time, Tata Consultancy Services, largest IT company, was the first to roll out salary hikes in the first quarter of fiscal 2024.
The company has reportedly given hikes in the range of 12 to 15 percent for top performers. Wipro is expected to roll out hikes from Dec 1.