Infosys salary hike: According to sources, this year’s hike has been done on a broad basis. In this, more focus has been given to the performance of the employees. Whereas in the previous appraisal cycle, tenure was included in the rupees of an increased component. In a recent town hall, Infosys Chief HR Officer Shaji Mathew had told the employees that letters would come before the end of the financial year.
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Infosys salary: India’s leading IT company Infosys has increased the salary of its employees from junior to senior positions by 5% to 8%. According to information received by Times of India from sources, the company has offered double digit salary hike to top performing employees. Infosys may increase the salary of employees working in the posts of Associate VP, SVP and EVP in April.
In a press conference held during the announcement of December quarter results, Infosys CFO Jayesh Sanghrajka had said that the average salary hike for employees in India is between 6% and 8%. From January, the salary hike of mid-level employees will be implemented in two installments.
According to sources, this year’s hike has been done on a broad basis. In this, more attention has been given to the performance of the employees. Whereas in the previous appraisal cycle, tenure was included in the rupee of an increased component. In a recent town hall, Infosys Chief HR Officer Shaji Mathew told employees that the letters would arrive before the end of the financial year. Infosys said it is on track to hire 15,000 freshers this quarter.
In 2025-26, the company is planning to hire 20,000 freshers. Infosys added 5,591 new employees in the December quarter. This has increased the number of employees of the company to 323,379. However, attrition (job leaving rate) increased to 13.7 percent in the December quarter from 12.9 percent in the previous quarter.
Infosys last increased salaries from November 1, 2023. Earlier, salary hikes were stopped in FY 2022 to save cash. The company resumed its annual appraisal cycle in October 2023. Last month, the company’s Chief Financial Officer Jayesh Sanghrajka had said that Infosys is considering a 6-8 per cent salary increase in India. This will give much higher salaries to those who perform better, while salary increases abroad will be in low single digits.
Talking about the financial performance of the company, the company’s results were good in the October-December quarter. During this period, the company’s net profit grew by 11.4 percent and reached $ 800 million. At the same time, its income grew by 7.6 percent to $ 4.9 billion.
