Infosys Salary Hike; Millions of employees will get gift, increase salary and special bonus. In the wake of the Corona crisis where most of the country’s companies are getting laid off or salary cuts, veteran IT company Infosys on Wednesday announced a pay raise of 2.4 million employees. The company said that from January 2021, employees of all levels will be given increments along with promotions. The employees will also be given 100 percent variable pay as well as a special bonus for the December quarter.
The Bangalore-based IT company had 2,40,208 employees at the end of the September 2020 quarter. Infosys on Wednesday released the results for the second quarter of the current financial year. In the second quarter (July to September), the company’s net profit increased by 20.5 percent. In the second quarter, Infosys reported a net profit of Rs 4845 crore. At the same time, the net profit of the company was Rs 4,019 crore in the year-ago period i.e. September, 2019 quarter.
Infosys Salary Hike;
Infosys CEO and MD Salil Parekh said in a virtual briefing, ‘The company is providing 100 percent variable pay for this quarter, acknowledging the steadily increasing commitment of our employees in this time of Corona virus epidemic. We will also give special incentives to our junior employees once in the third quarter i.e. December quarter. He said that the process of increment has now started again and will be effective from January 1, 2021. We resumed promotion at our junior levels in the last quarter and now it will be extended to all our levels. ‘
The increase in salary of employees at Infosys will be the same as last year. Last year, the salary of 85 percent employees working in Infosys increased by an average of six percent. Significantly, this year Infosys is going to hire 16,500 freshers this year. In the second quarter of the current financial year, 5500 people have been recruited.