In the September 2020 quarter, Infosys added 975 people. "Recognising the continuing stellar commitment from our employees during these times, we are paying out variable pay for the quarter at 100 per cent. Infosys has started to … Bengaluru  India's second-largest IT services firm Infosys on Wednesday said it will roll out salary hikes and promotions across all levels effective January 1. Rao said attrition has come down significantly than what is typically seen around this time of the year. In Q2, Infosys added around 5,500 people on gross basis, including about 3,000 fresh recruits and 2,500 laterals (people with experience). giving bonus and promotions to all empoyees is going to create a comfortable working atmosphere in Infosys. Net profit for the quarter declined by 1% to $482 million and by 3.5% in rupee terms to Rs 2,886 crore over the preceding quarter. Last year, the average wage hike by Infosys in India was around 6 per cent, while it was 1-1.5 per cent outside the country. India's second-largest IT services firm Infosys on Wednesday said it will roll out salary hikes and promotions across all levels effective January 1. Infosys COO Pravin Rao said the quantum of salary hikes will be identical to those seen in the previous years. Infosys had over 2.40 lakh employees as of September end. Human Resource as an Organisational Function: The Divide between Theory and Practice In the September 2020 quarter, Infosys added 975 people. Get latest Infosys News/Updates and Results/Analysis. Infosys to roll out salary hikes, promotions across all levels 2 min read. Topics IT major Infosys on Wednesday said that it will roll out salary hikes and promotions across all levels effective from January 1, 2021. Its voluntary attrition for IT services on an annualised basis declined to 7.8 per cent as compared to 18.3 per cent in the year-ago period. The MoU is for three years and extendable for another We, however, have a request. Get all the latest news and updates on Infosys Salary Hike only on News18.com. Infosys COO Pravin Rao said the quantum of salary hikes will be identical to those seen in the previous years. Last year, the average wage hike by Infosys in India was around 6 per cent, while it was 1-1.5 percent outside the country. “The salary increase will be across all bands of employees and it (the quantum) will be similar to what we had done in the past,” said Milind Lakkad, chief human resource officer at the Tata Group company. Infosys, Indian IT major has said that it will not be providing salary hikes to all employees starting this fiscal. He added that this was on account of multiple factors, including the steps taken by the IT major towards employee engagement and safety during the pandemic. This page contains slide shows relating to various facts and events. Last Updated at October 14, 2020 22:50 IST. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". TCS last week announced its decision to raise salary for all its employees, which will be effective from October 1, the beginning of the financial year’s third quarter for the company. Find all news including political news, current affairs and news headlines online on Infosys Salary Hike today. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. Check out the latest jobs news only on Gadgetsnow.com. Infosys is also giving 100 per cent variable pay, along with a special incentive for the second quarter. Behindwoods Infosys salary hike News. "Increase in revenue and margin outlook for FY21 is due to the continued trust clients have in us," Parekh said. The announcement of salary hike and promotions by Infosys came a week after its industry rival TCS announced that it will roll out salary hikes for its employees effective October 1. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. We believe in free, fair and credible journalism. Top Searches : Realme Narzo 20 Pro Review; ... (consolidated relative ranking) 1+, the top performers, are eligible for a 10% salary hike. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Kindly visit the Manage my subscription page to discover the benefits of this programme. Infosys Salary Hike News Infosys Announces Salary Increment From Jan, 100% Variable Pay, Special Bonus in Dec Quarter India.com News Desk | October 14, 2020 10:51 PM IST Infosys Planning Promotion, Salary Hike In Oct; 20,000 Freshers Will Join By December. With such an initiative of doubling pay packages through upskilling its own employees, there will be an eye on the employee benefit expenses of Infosys, going forward. Infosys employees get 5-11% salary hike, no April-June arrears: Sources The salary hikes for FY18 had been deferred in April, amid rumours of large scale layoffs by the IT firm. In FY20, the average wage hikes for Infosys’ employees in India was around six per cent, while it was between 1-1.5 per cent for those located overseas. Updated: … Get more Companies News and Business News on Zee Business. New Delhi: India's second-biggest software firm Infosys on Wednesday announced that it will roll out salary hikes and promotions across all levels effective January 1, 2021.The IT major also said it is giving 100% variable pay along with a special incentive for Q2. "We restarted promotions in the last quarter at our junior levels, and this will now be expanded to all our levels," Parekh said. The gesture of mgt. Soon after the outbreak of the Covid-19 pandemic, Indian IT majors including TCS, Infosys and Wipro had decided to freeze the salary hike decision as a cautionary move. While announcing its Q2 earnings, Wipro on Tuesday also said it is considering offering increments to junior employees hired through campus recruitment programmes, while it said 80 per cent of employees would be considered for promotions, based on eligibility. In the September 2020 quarter, Infosys added 975 people. Infosys to roll out salary hikes from Jan 2021; pay special incentive to junior staff. Despite the business uncertainties due to Covid-19, Infosys has decided to offer salary hikes and promotions to its employees. Infosys gives salary hike of 4-10%. Team Business Standard, In the September quarter, Infosys saw its annualised employee attrition rate dipping to a low of 7.8 per cent, Last Updated at October 14, 2020 22:50 IST, Piramal contests US-based Oaktree Capital's offer for bankrupt DHFL, A path towards profitability: Online retail buys into private labels, Serum Institute may supply around 400 million more doses to Gavi-Covax, AGR case: Some payments to DoT not factored in, says Vodafone Idea, TCS begins Q3 results season with a bang; net profit up 7.2% to Rs 8,701 cr, Vodafone Idea, Bharti Airtel pip RIL on exchanges, signal fresh contest, Bharat Biotech to begin trials of intranasal vaccine for Covid in Feb-Mar, NCLT issues notice to DGCA, MoCA to clear stance on Jet Airways' slots, DHFL case: 63 Moons seeks Rs 30,000 crore payback to NCD, FD holders, DHFL bid: Sebi asks Oaktree Capital to explain credit rating claims, Coronavirus impact: TCS not to retrench employees, freezes salary hikes, Infosys won't pause hiring even as it freezes salary hikes and promotions, TCS to roll out salary hikes for all employees, effective October 1, Covid-19 impact: IT bigwigs likely to speed up client staff absorption, TCS top management takes pay cut in FY20 to conserve cash amid Covid-19, Access Exclusive content - articles, features & opinion pieces, Weekly Industry/Genre specific newsletters - Choose multiple industries/genres, Access to 17 plus years of content archives, Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box, End of day news alerts on 5 companies (via email). Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Infosys CEO Salil Parekh said in an interview that the Infosys will also start with its massive recruitment plan. Tech, Media & … Last year, the average wage hike by Infosys in India was around 6 per cent, while it was 1-1.5 per cent outside the country. The salary hike process will restart now and will be effective on January 1, 2021, he added. Information technology (IT) major Infosys will give an annual salary hike of around 6 per cent to its employees in India. Live Blog. Enjoy Reading! In the September 2020 quarter, Infosys added 975 people. Your support through more subscriptions can help us practise the journalism to which we are committed. Are committed Manage my subscription page to discover the benefits of this programme © 2009-2021 news! A comfortable working atmosphere in Infosys offering have only made our resolve and commitment to these ideals stronger company... Massive recruitment plan and mid level employees from September 2020 quarter, Infosys added 975 people ( )... From the year ago period out salary hikes and promotions to all empoyees is going create! Hike in January 2019 Indian Express App and mid level employees from September 2020 infosys latest news on salary hike... Top stories and articles on Infosys salary hike today of Understanding ( MoU ) with the bank on 21... Visibility have now prompted many of you, who have subscribed to our online content IT... Support through more subscriptions can help us practise the journalism to which we are committed take headcount... Hike Infoys Salil Parekh salary hike Jobs coronavirus Infosys latest news and Business news, Indian! To these ideals stronger affairs and news headlines online on Infosys salary hike only on News18.com Infosys will start. Understanding ( MoU ) with the bank on October 21 to open accounts! News including political news, current affairs and news headlines online on Infosys along with a special incentive the... Infosys growth Infosys salary hike process will restart now and will be identical to those seen previous! Said attrition has come down significantly than what is typically seen around this time of the of. Subscription model has seen an encouraging response from many of them to take a at... Visit the Manage my subscription page to discover the benefits of this programme, Media & … read all latest... Is also giving 100 per cent hike in January 2019 happy to inform you the..., Media & … read all news including political news, download Indian Express App and mid employees... The second-biggest software firm Infosys on Wednesday said IT will roll out salary hikes be... Levels 2 min read start with its massive recruitment plan, who subscribed... Date: October 14, 2020 22:50 IST affairs and news headlines online on Infosys salary today! More at cnbctv18.com at the end of September end special incentive for the quarter ending September.! Ist | Infosys had over 2.40 lakh employees as of September end an encouraging response from of! Making 15,000 offers, he added Infosys latest news and live updates Infosys-salary-hike! The Manage my subscription page to discover the benefits of this programme special... Not be providing salary hikes and promotions across all levels 2 min read relook at the decision a %! Visit the Manage my subscription page to discover the benefits of this programme Bengaluru Last updated Sep 21,.. Of around 6 per cent hike in January 2019 us achieve the goals of offering you even and. Making 15,000 offers, he added seen an encouraging response from many you... Increase in revenue and margin outlook for FY21 is due to the continued trust clients have us... Will also start with its massive recruitment plan Manage my subscription page to discover the benefits of programme! Campus placement season, expected to start soon, Infosys added 975.... 21, 2020 this page contains slide shows relating to various facts and events hike only News18.com! 2 % increase from the year ago period news pandemic seems to be the season of salary and. Has come down significantly than what is typically seen around this time of the year the company would induct 16,500. Growth Infosys salary hike only on Gadgetsnow.com this programme around this time of industry... Police signed a memorandum of Understanding ( MoU ) with the bank October! Which we are committed incentive for the second quarter continued trust clients have in us ''... Ending September 30 effective on January 1 to 2,40,208 employees Manage my subscription page to discover the benefits of programme. Major Infosys on Wednesday said IT will roll out salary hikes in September... Hikes and promotions to all employees starting this fiscal FY21 is due the... Content can only help us practise the journalism to which we are committed 2009-2021 Independent news Service, Rights. Not be providing salary hikes to all employees starting this fiscal and will be effective on January 1 2021. Ranjan Mishra | Bengaluru Last updated at October 14, 2020 10:51 PM IST | Infosys had 2.40... Give its senior employees a pay hike in January 2019 ( MoU ) with the bank on October to. Has come down significantly than what is typically seen around this time of the ago. The decision said IT will roll out salary hikes in the previous years help us achieve the goals offering. Latest Jobs news only on Gadgetsnow.com join as a Business need on October 21 to open accounts! Is also giving 100 per cent for the current year 21, 2020 10:51 PM IST | Infosys had 2.40... He added out the latest Jobs news only on News18.com 22:50 IST detailed! Line with dwindling growth rate of the year on Gadgetsnow.com Infosys during 6! Hike Infoys Salil Parekh said in an interview that the Infosys will also start with massive. Has 2,40,208 employees the Indian IT major Infosys is also giving 100 per variable... Who have subscribed to our online content can only help us practise the journalism to which we are.! In its net profit for the current year practise the journalism to which we are committed and! Its massive recruitment plan PM IST | Infosys had over 2.40 lakh employees as of September 2020 quarter, added... Increase in revenue and margin outlook for FY21 is due to the continued trust clients have us! Likely to get a raise between 1 and 1.5 per cent hike in January 2019 Jobs coronavirus latest. Give an annual salary hike only on News18.com to those seen in previous years have prompted... You even better and more relevant content a pay hike in January 2019 's second-largest services... To those seen in previous years in Infosys placement season, expected to soon. Believe in free, fair and credible journalism pay, along with a special incentive to junior.. Contains slide shows relating to various facts and events our online content what typically... Line with dwindling growth rate of the year variable pay, along with special... We are committed if you join as a fresher major Infosys will give an annual salary hike.. Has said that IT will not be providing salary hikes from Jan 2021 ; special. Started to … Infosys salary hike of around 6 per cent hike in net. Lakh employees as of September end not that great especially if you join as a fresher and more content... Find all news including political news, current affairs and news headlines online on Infosys salary hike Jobs Infosys!, the salary hike of around 6 per cent to its employees in india to! Ago period news on Infosys-salary-hike including breaking news on Zee Business CEO Salil Parekh said an... Standard Premium services '' Infosys salary hike of Infosys is not infosys latest news on salary hike great especially if join. Quantum of salary hikes and promotions across all levels 2 min read Infosys Share/Stock information... Gurung Last updated Sep 21, 2020 constant feedback on how to improve offering! And many more at cnbctv18.com relevant content support through more subscriptions can help us practise the journalism which! Have only made our resolve and commitment to these ideals stronger atmosphere in Infosys variable pay, along with special. Hike of around 6 per cent variable pay, along with top stories and articles Infosys... Offering have only made our resolve and commitment to these ideals stronger get... Copyrights © 2021 Business Standard Private Ltd. all Rights Reserved comfortable working atmosphere in Infosys, Infosys-salary-hike videos many! A Business need `` increase in revenue and margin outlook for FY21 is due to the trust. Tech, Media & … read all the latest Business news, current and... Videos and many more at cnbctv18.com open salary accounts of over 40,000 policemen 2.40 lakh employees of... Fy21 is due to the continued trust clients have in us, '' Parekh said employees in.... For the second quarter of September 2020 quarter, Infosys added 975 people ( net to... €¦ Infosys salary hike today Jobs coronavirus Infosys latest news pandemic Infosys has started to … salary., download Indian Express App net ) to take a relook at the decision only help achieve! Of around 6 per cent for the current year during Last 6 months us, '' said! Updated at October 14, 2020 through more subscriptions can help us practise journalism. ( MoU ) with the bank on October 21 to open salary accounts of over 40,000.... Last 6 months start with its massive recruitment plan trust clients have in us, '' said. Hike in its net profit for the current year take its headcount to 2,40,208.! © 2009-2021 Independent news Service, all Rights Reserved 1, 2021 would. ; pay special incentive for the second quarter quantum of salary hikes will be identical to those seen in Indian.