Infosys bags big deals; gives increments, promotions, special bonus to staff

The increments and promotions will be effective from January 1

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Infosys has given its employees many reasons to celebrate ahead of the festive season. It is not only giving them promotions, but increments and a special bonus as well. The increments will be in line with what was rolled out in the past — 6 per cent to more than 85 per cent of the workforce.

The Company acknowledges that its workforce makes it resilient, strong and successful. These promotions, hikes and bonus are a way of rewarding the employees for their performance. The staff will receive 100 per cent variable pay as well as a special bonus for Q2. The increments and promotions will be effective from January 1.

The Indian multinational IT company foresees healthy growth next year, given the fact that it has bagged attractive deals from clients. With customers increasingly turning to technology, the demand for the Company’s services — digital transformation, cloud computing — has spiked.

The voluntary attrition at Infosys stood at 7.8 per cent, which is probably the lowest in several quarters. The total employee strength is about 2,40,208.

In the second quarter, the Company had taken on about 3,000 freshers, and plans to take on 16,500 freshers this year and about 15,000 next year.

The Bengaluru-based IT consulting and outsourcing service company’s consolidated net profit was Rs 4,845 crore compared to Rs 4,019 crore in the previous year. Its revenue increased to Rs 24,570 crore from Rs 22,629 crore in the quarter, and the operating margin was 25.4 per cent.

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