IFOSYS TO ROLL OUT SALARY INCREASE

The second largest Indian IT company, with 123 development centers across the world as of 31 March 2018 with major presence in India, United States, China, Australia, Japan, Middle East and Europe has recently rolled out an increase in salary from January 2021 in order to pay special bonus in December quarter. Infosys will roll out salary increases and promotions across all levels effective January 1 as the company forecast higher growth in the year ahead on the back of large deal wins from customers.

A special bonus in addition with the 100% variable pay will be provided by the company in quarter to December. After the lockdown almost every sought of work in work from home (and not only this but in all the domains) is totally dependent on technology & thus the demand for the services it (Infosys) possess has increased. 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. During this pandemic, the attrition is significantly lower and it is to the company’s comfort, tremendous focus is also there on employee intervention. Infosys had a total of 243,454 employees at the end of December 2019, out of which 37.8% were women. Infosys hired 5,500 people including 3000 freshers in the second quarter.