Infosys has rolled out an average performance bonus of 80 per cent for the first quarter to a large section of its workforce, according to an internal communication. Bonus percentages are tied to performance ratings across employee levels.
Reportedly, at level PL4, those rated ‘outstanding’ receive an 89 per cent payout, while those rated ‘met expectations’ receive 80 per cent. At PL5 and PL6, payouts range from 78–87 per cent and 75–85 per cent, respectively. Even employees flagged under the ‘needs attention’ category have been awarded bonuses of 80 per cent, 78 per cent, and 75 per cent at PL4, PL5 and PL6 levels.
The payouts come on the back of a better-than-expected June quarter performance. Infosys reported 3.8 per cent constant currency revenue growth, narrowing its full-year guidance range despite continued macroeconomic headwinds. Larger rival Tata Consultancy Services (TCS) posted a 3.1 per cent revenue decline in the same period.
Individual bonus letters will be uploaded to employees’ e-dockets. The majority of junior to mid-senior level staff will be eligible, while details for senior management payouts remain unclear.
Infosys’ move follows a wave of compensation-related announcements across the sector. TCS and Cognizant have confirmed employee hikes effective September and November, respectively, while Wipro has yet to disclose timelines for salary revisions.
