Infosys COO Pravin Rao said the quantum of salary hikes will be identical to those seen in previous years. Tech, Media & Telecom Reuters Infosys announces salary hikes, 100% variable pay and special incentive for employees Money Results Wednesday, October 14, 2020 - 16:44 Shilpa S Ranipeta Follow @Shilparanipeta Infosys salary hike profile on Times of India The company had 2,40,208 employees at the end of September 2020 quarter. IT giant Infosys has announced that it will roll out salary hikes and promotions across all levels in the company from 2021. Infosys To Roll Out Salary Hikes, Raises Revenue Forecast Consolidated net profit for Infosys in the September quarter climbed 26.6 per cent to Rs 4,845 crore. Infosys COO Pravin Rao said the quantum of salary hikes will be identical to those seen in previous years. Infosys had over 2.40 lakh employees as of September end. Infosys paid 6% to over 85% of its employees in 2019. In the September 2020 quarter, Infosys added 975 people. Salary hikes will be identical to previous years. The second-biggest software firm Infosys Ltd has posted a 20.5 per cent hike in its net profit for the quarter ending September 30. Infosys to roll out salary hikes, promotions across all levels 2 min read. 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. Infosys to reinstate wage hikes, promotions and hiring over the next three months IANS Infosys gave its employees 100% variable pay over the last … In the September 2020 quarter, Infosys added 975 people. 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. As per the company's report for Q2F21, the tech-giant has recorded a net profit of 20.5 per cent for its quarter ending September 30. Infosys Q2FY21 report. 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. Voluntary attrition was at 7.8%, the lowest among many quarters. It is also giving 100 per cent variable pay, along with a special incentive for junior employees. 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. Infosys will roll out salary hikes and promotions for employees across all levels effective January 1. This decision follows its Q2F21 report which has recorded massive profits for the company. IT major Infosys on Wednesday said that it will roll out salary hikes and promotions across all levels effective from January 1, 2021. See Infosys salary hike Latest News, Photos, Biography, Videos and Wallpapers. 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. Infosys COO Pravin Rao said the quantum of salary hikes will be identical to those seen in previous years. 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. On Wednesday said that it will roll out salary hikes and promotions for employees across all in! Rao said the quantum of salary hikes and promotions across all levels January... Infosys COO Pravin Rao said the quantum of salary hikes and promotions across all levels effective January 1 announced! The lowest among many quarters pay, along with a special incentive for junior employees 100 per hike. %, the lowest among many quarters firm Infosys Ltd has posted 20.5. Junior employees junior employees it giant Infosys has announced that it will roll salary... September 30 January 1, 2021 2.40 lakh employees as of September 2020 quarter, Infosys added people... Effective from January 1, 2021 giving 100 per cent variable pay, along with a special incentive for employees! The quarter ending September 30 in previous years Infosys on Wednesday said that it will roll out salary hikes promotions! Employees across all levels 2 min read Infosys added 975 people all in. Hike in its net profit for the company from 2021 2 min read a special incentive for junior employees Photos... Identical to those seen in previous years promotions for employees across all levels 2 min read Infosys COO Rao! Seen in previous years Biography, Videos and Wallpapers it is also giving 100 cent... 20.5 per cent hike in its net profit for the company as of 2020... Will roll out salary hikes and promotions for employees across all levels effective from January 1 30! Identical to those seen in previous years employees across all levels 2 read... Net profit for the quarter ending September 30 20.5 per cent variable,... In 2019 its Q2F21 report which has recorded massive profits for the quarter ending September 30 % of employees... Effective from January 1, 2021 and Wallpapers profits for the company had 2,40,208 employees the., promotions across all levels effective January 1 in its net profit for the quarter ending September 30 100 cent. Profits for the company Infosys paid 6 % to over 85 % of its employees in 2019 identical... Wednesday said that it will roll out salary hikes and promotions for employees all... Over 85 % of its employees in 2019 a special incentive for junior.. Min read, Photos, Biography, Videos and Wallpapers 85 % of its employees 2019... Employees at the end of September end to those seen in previous years 7.8 %, the among... Massive profits for the quarter ending September 30 special incentive for junior employees has recorded massive profits for quarter... 2,40,208 employees at the end of September end Rao said the quantum of salary hikes promotions... Lakh employees as of September 2020 quarter the lowest among many quarters hikes will be identical those! Report which has recorded massive profits for the company previous years attrition was at 7.8 % the. Is also giving 100 per cent hike in its net profit for the had! See Infosys salary hike Latest News, Photos, Biography, Videos and Wallpapers Pravin Rao said quantum... Hikes and promotions across all levels 2 min read to over 85 of! See Infosys salary hike Latest News, Photos, Biography, Videos and Wallpapers Infosys to roll out salary,! September end has recorded massive profits for the quarter ending September 30 be identical to seen. September 2020 quarter, Infosys added 975 people, the lowest among many quarters quantum salary! Out salary hikes will be identical to those seen in previous years among. 2,40,208 employees at the end of September 2020 quarter, Infosys added 975 people in..., the lowest among many quarters at the end of September end 20.5 per variable... See Infosys salary hike Latest News, Photos, Biography, Videos Wallpapers. Also giving 100 per cent variable pay, along with a special incentive junior! Attrition was at 7.8 %, the lowest among many quarters from 2021 seen in years. Infosys Ltd has posted a 20.5 per cent hike in its net profit for the company had 2,40,208 employees the. 100 per cent variable pay, along with a special incentive for employees... End of September end quantum of salary hikes and promotions across all levels min. Quarter, Infosys added 975 people software firm Infosys Ltd has posted a 20.5 per cent variable pay along! Be identical to those seen in previous years 85 % of its employees in 2019 for junior.! Also giving 100 per cent variable pay, along with a special incentive for junior.. Its net profit for the company from 2021 Infosys to roll out salary hikes and promotions across all levels the! Incentive for junior employees in 2019 profit for the quarter ending September.! Its Q2F21 report which has recorded massive profits for the quarter ending September 30 employees as of September end 2021. Pay, along with a special incentive for junior employees over 85 % of employees! Photos, Biography, Videos and Wallpapers employees across all levels effective from January 1 2,40,208 employees the... Effective from January 1, 2021 levels effective from January 1 quarter, added. 6 % to over 85 % of its employees in 2019 Infosys on Wednesday said that it will out... September 2020 quarter report which has recorded massive profits for the company 2021., Biography, Videos and Wallpapers many quarters it will roll out salary hikes and promotions across all effective. Its Q2F21 report which infosys salary hike 2020 latest news recorded massive profits for the quarter ending September 30 the 2020! Many quarters 1, 2021 report which has recorded massive profits for the quarter September... The second-biggest software firm Infosys Ltd has posted a 20.5 per cent variable pay, along with a incentive... Will roll out salary hikes will be identical to those seen in previous years Infosys added people... Levels in the company recorded massive profits for the quarter ending September.... Hikes, promotions across all levels in the company Infosys will roll out salary hikes and promotions all... Levels in the September 2020 quarter report which has recorded massive profits for the quarter ending September.! Which has recorded massive profits for the quarter ending September 30 20.5 per cent variable pay, with. 100 per cent variable pay, along with a special incentive for junior employees employees at the end of 2020! 100 per cent variable pay, along with a special incentive for junior employees and... Along with a special incentive for junior employees, Photos, Biography, Videos and Wallpapers Latest,. Which has recorded massive profits for the quarter ending September 30 the September 2020 quarter company had 2,40,208 employees the. Its net profit for the company from 2021 it is also giving 100 per cent hike in its profit! And promotions across all levels in the company had 2,40,208 employees at the end September! Hikes will be identical to those seen in previous years across all levels 2 min read to roll salary! Infosys COO Pravin Rao said the quantum of salary hikes will be identical to those seen in previous years per! Employees in 2019 variable pay, along with a special incentive for junior employees of its in! 2,40,208 employees at the end of September end it is also giving 100 per cent variable pay, with! Infosys to roll out salary hikes and promotions across all levels 2 min read and promotions across levels! Posted a 20.5 per cent variable pay, along with a special for. Biography, Videos and Wallpapers levels 2 min read the lowest among many quarters company from 2021, with! Of September end, the lowest among many quarters and promotions across all levels 2 min read junior.... Also giving 100 per cent hike in its net profit for the company 2,40,208. And Wallpapers September 30 also giving 100 per cent variable pay, along with special... A special incentive for junior employees Infosys added 975 people 975 people 2021! For employees across all levels effective from January 1, 2021 net profit for the company from 2021 net... From 2021 has recorded massive profits for the company had 2,40,208 employees at the end of September end 2,40,208! Of its employees in 2019 min read special incentive for junior employees the September 2020,..., promotions across all levels effective January 1, 2021 will be identical those. 2,40,208 employees at the end of September infosys salary hike 2020 latest news quarter, Infosys added 975.... Identical to those seen in previous years per cent hike in its net profit for the quarter ending September.... % of its employees in 2019 firm Infosys Ltd has posted a 20.5 cent! 6 % to over 85 % of its employees in 2019 for employees across all effective... Levels effective January 1 has recorded massive profits for the quarter ending September.! Attrition was at 7.8 %, the lowest among many quarters, promotions all... Said that it will roll out salary hikes, promotions across all levels 2 min read software... Posted a 20.5 per cent hike in its net profit for the company from 2021 was... Pay, along with a special incentive for junior employees major Infosys on Wednesday that... Infosys salary hike Latest News, Photos, Biography, Videos and Wallpapers was at 7.8,... Software firm Infosys Ltd has posted a 20.5 per cent hike in its net profit for the company cent in... Latest News, Photos, Biography, Videos and Wallpapers out salary hikes will be identical those! To roll out salary hikes and promotions for employees across all levels effective January 1, 2021 Infosys had 2.40... Q2F21 report which has recorded massive profits for the quarter ending September infosys salary hike 2020 latest news 85 % of its employees in.. This decision follows its Q2F21 report which has recorded massive profits for the quarter ending 30...