Tuesday, 25 June 2024
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Infosys Announces Salary Increases, Probably Below 10% This Time

  • Entry-level employees are not covered by Infosys’ most recent compensation increase.
  • The rise is anticipated to be less than 10%.
  • The pay change was supposed to be implemented in July for those above senior management.

Entry-level employees are not covered by Infosys’ most recent compensation increase, which is for 2023–2024, and the average increase this time is probably less than 10%.

Major IT company Infosys has begun its long-overdue wage increase. As to a report by the Economic Times, on Friday, December 15, a “significant number of workers” got their wage modification letters. Commencing on November 1, 2023, the pay modification will take effect.

Infosys

To reward dedication and success, Infosys has announced a pay increase for 2023–2024. The rise is anticipated to be less than 10% and does not apply to entry-level workers.

Single digits or low-double digits are probably the average hike. The pay change was supposed to be implemented in July for those above senior management and in April for all other workers of Infosys. This pay modification has been postponed.

The company will start raising wages on November 1st, according to Chief Financial Officer Nilanjan Roy, who added that before making any choices, the company will evaluate the market and the competitors. October saw the release of the company’s Q2 FY24 financial figures.

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