Infosys Salary Hike 2023 Latest News Today India: The expected average hike this time at Infosys is expected to fall below 10 percent. Several employees received increases in the single digits, some in the low double digits, resulting in an average increase expected to be under 10 percent.
Infosys salary hike 2023: Tech giant plays Santa Claus and gives salary revision letters to employees
Infosys Latest salary increase 2023 news today India: Indian technology giant Infosys ushered in the festive season by distributing salary adjustment letters to a significant number of its employees on Friday, lifting spirits at a time of sluggish demand for technology services globally in the information technology sector. The salary adjustments, which traditionally come into effect from April 1, will now come into effect from November 1, 2023, ET quoted sources in its report.
Employees were told: “We are pleased to review your compensation in recognition of your commitment and performance, effective November 1, 2023.” Infosys typically announces compensation reviews in June with retroactive effect from April 1. However, in 2023, management delayed the announcement, ET report added.
Infosys Salary Hike 2023 Latest News
According to the company, the compensation review program relates to the 2023/24 financial year. The email thanking employees also recognizes their “unparalleled support and efforts to overcome the current challenges and ensure success in all aspects.”
Infosys Salary Hike 2023 Latest News: Average Salary Hike
The expected average increase this time is expected to fall below 10 percent. Several employees received increases in the single digits, some in the low double digits, resulting in an average raise of under 10 percent, according to the ET report.
These letters were sent a day before the ‘Stellar Saturday Culture Carnival’ event, a mega get-together organized by Infosys for employees on December 16 at its 12 locations across India. An Infosys spokesperson did not respond to requests for comments.
Infosys Salary Hike 2023 for Freshers
Notably, the revisions do not include the IT services giant’s entry-level staff, according to the ET report.
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