Close Menu
    Facebook X (Twitter) Instagram
    • Our Story
    • Partner with us
    • Reach Us
    • Career
    Subscribe Newsletter
    HR KathaHR Katha
    • Exclusive
      • Exclusive Features
      • Research
      • Point Of View
      • Case In Point
      • Dialogue
      • Movement
      • Profile
      • Beyond Work
      • Rising Star
      • By Invitation
    • News
      • Global HR News
      • Compensation & Benefits
      • Diversity
      • Events
      • Gen Y
      • Hiring & Firing
      • HR & Labour Laws
      • Learning & Development
      • Merger & Acquisition
      • Performance Management & Productivity
      • Talent Management
      • Tools & Technology
      • Work-Life Balance
    • Special
      • Cover Story
      • Editorial
      • HR Forecast 2024
      • HR Forecast 2023
      • HR Forecast 2022
      • HR Forecast 2021
      • HR Forecast 2020
      • HR Forecast 2019
      • New Age Learning
      • Coaching and Training
      • Learn-Engage-Transform
    • Magazine
    • Reports
      • Whitepaper
        • HR Forecast 2024 e-mag
        • Future-proofing Manufacturing Through Digital Transformation
        • Employee Healthcare & Wellness Benefits: A Guide for Indian MSMEs
        • Build a Future Ready Organisation For The Road Ahead
        • Employee Experience Strategy
        • HRKatha 2019 Forecast
        • Decoding and Driving Employee Engagement
        • One Platform, Infinite Possibilities
      • Survey Reports
        • Happiness at Work
        • Upskilling for Jobs of the Future
        • The Labour Code 2020
    • Conferences
      • Rising Star Leadership Awards
      • HRKatha Futurecast
      • Automation.NXT
      • The Great HR Debate
    • HR Jobs
    WhatsApp LinkedIn X (Twitter) Facebook Instagram
    HR KathaHR Katha
    Home»News»Compensation & Benefits»Top performers of Infosys get 20-25% increment
    Compensation & Benefits

    Top performers of Infosys get 20-25% increment

    HRK News BureauBy HRK News BureauOctober 20, 2022Updated:October 21, 20222 Mins Read5670 Views
    Share LinkedIn Twitter Facebook
    Infosys CEO clarifies stance on job cuts amid GenAI advancements
    Share
    LinkedIn Twitter Facebook

    A significant number of employees at Infosys received an increment of 10 to 13 per cent, while the top performers received an increment of 20 to 25 per cent.

    Now that attrition is beginning to dip, the Indian information technology (IT) services company plans to reduce wage costs by increasing utilisation levels, going easy in terms of lateral hiring and reducing the number of employees on site.

    The increments have been given basis grades of employees. Those at the senior levels who draw higher salaries get lower increments compared to those lower in the hierarchy.

    At 28.4 per cent, the attrition rate at Infosys was higher than the average in the industry in the June quarter. By September it reduced to about 27 per cent thanks to promotions being sped up, rotation of roles and programmes to give a push the career growth of employees. The Company had also introduced a process that reduces the time taken for top-performing freshers to become managers. At least one per cent of the workforce is part of this lot of top performers.

    In 2021-22 a total of about 40,000 employees were promoted whereas only about 8,000 to 10,000 were promoted in 2017. Promotions are expected to increase this year too.

    Last month, Wipro had announced its plans to grant annual increments to the eligible members of its workforce with effect from September 2022. About 96 per cent of the workforce was to benefit from the salary hike.

    10 13 20& 25% Attrition increments Infosys Promotion Salary Hike Top Performers
    Share. LinkedIn Twitter Facebook
    HRK News Bureau

    Leave A Reply Cancel Reply

    three × five =

    Related Posts

    Flipkart staff can sell 5% of stock options at $174.32 per share

    July 14, 2025

    Is Infosys now using ‘health reminders’ to discourage long work hours?

    July 9, 2025

    Will AI now decide promotions and increments of employees?

    July 8, 2025

    Coursera appoints Ashutosh Gupta as MD for India and Asia Pacific

    July 7, 2025

    QUICK HR INSIGHTS

    EDITOR'S PICKS

    Mahindra Holidays turns to local communities for talent as India’s hospitality schools empty out

    July 15, 2025

    Why ‘Centres of Excellence’ can hollow out the very culture they’re meant to strengthen

    July 14, 2025

    How a thumbs-up became a generational minefield

    July 11, 2025

    Why HR must unite hiring and development to survive

    July 10, 2025
    Latest Post

    Gaurav Singh takes on chief people and culture officer role at Centricity WealthTech

    Movement July 16, 2025

    Congratulations Gaurav Singh, for taking on the role of chief people and culture officer, Centricity…

    Pidilite Industries partners with 600+ ITIs to skill Indian youth

    Learning & Development July 16, 2025

    Pidilite—the adhesives, sealants, art materials, and construction chemicals manufacturing company— has trained over one lakh…

    Hemant Rupani of Mondelez International will now be CEO, Hindustan Coca-Cola Beverages

    Movement July 16, 2025

    Come September 8 and Hemant Rupani will take on the role of CEO, Hindustan Coca-Cola…

    Russia to recruit 1 million skilled Indian workers by 2025

    Global HR News July 15, 2025

    Russia has announced plans to hire up to one million skilled professionals from India by…

    Asia's No.1 HR Platform

    Facebook X (Twitter) Instagram LinkedIn WhatsApp Bluesky
    • Our Story
    • Partner with us
    • Career
    • Reach Us
    • Exclusive Features
    • Cover Story
    • Editorial
    • Dive into the Future of Work: Download HRForecast 2024 Now!
    © 2025 HRKatha.com
    • Disclaimer
    • Refunds & Cancellation Policy
    • Terms of Service

    Type above and press Enter to search. Press Esc to cancel.