{"id":1277082,"date":"2023-12-19T07:49:48","date_gmt":"2023-12-19T02:19:48","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1277082"},"modified":"2023-12-19T07:50:05","modified_gmt":"2023-12-19T02:20:05","slug":"infosys-salary-hike-starts-for-eligible-employees-around-10-is-average-salary-hike-effective-november-1st","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/infosys-salary-hike-starts-for-eligible-employees-around-10-is-average-salary-hike-effective-november-1st\/","title":{"rendered":"Infosys Salary Hike Starts For Eligible Employees: Around 10% Is Average Salary Hike, Effective November 1st"},"content":{"rendered":"\n<p>In a pleasant surprise to its employees, the country&#8217;s IT major, Infosys seems to have decided to kick off its delayed pay hike now.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"504\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/07\/Infosys.jpg\" alt=\"Infosys Salary Hike Starts For Eligible Employees: Around 10% Is Average Salary Hike, Effective November 1st\" class=\"wp-image-1247508\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/07\/Infosys.jpg 1000w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/07\/Infosys-300x151.jpg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/07\/Infosys-768x387.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p><strong>Salary Hike For Infosys Employees<\/strong><\/p>\n\n\n\n<p>It appears that the technical giant has jump-started the holiday season by announcing salary revisions for a substantial number of its workforce.<\/p>\n\n\n\n<p>Considering this positive turn of events, a \u2018large number of employees\u2019 in the company received their salary revision letters on Dec 15, 2023.<\/p>\n\n\n\n<p>It is noteworthy here that this hike is with effect from November 1, as per the hike letters.<br><\/p>\n\n\n\n<p>Although, the hikes at these technical majors are effective from April 1 each year in the normal cycle.<\/p>\n\n\n\n<p>Further, the letter stated,\u201cWe are pleased to revise your compensation in acknowledgement of your commitment and performance with effect from November 1, 2023. We also thank you for your unparalleled support and efforts to overcome the current challenges, and ensure success in all aspects,\u201d as per the <a href=\"https:\/\/www.hindustantimes.com\/business\/infosys-kicks-off-salary-hike-appraisal-letters-sent-to-large-no-of-employees-101702721955924-amp.html?utm_campaign=fullarticle&amp;utm_medium=referral&amp;utm_source=inshorts\">sources<\/a>.&nbsp;<\/p>\n\n\n\n<p>However, notably, this compensation review programme is for 2023-24 and it does not cover entry-level staffers, according to the report.&nbsp;<\/p>\n\n\n\n<p><strong>Hike Averaging At 10%<\/strong><\/p>\n\n\n\n<p>When it comes to the average hike, this year this is most likely to be below 10%, the report added.<\/p>\n\n\n\n<p>The media report earlier quoted that \u201cSeveral employees have received hikes in single digits, while some are also in low-double digits. The average, therefore, is likely to be under 10%.\u201d&nbsp;<\/p>\n\n\n\n<p>This compensation review seems to be earmarked for the fiscal year 2023-24, further extending gratitude to employees for their &#8220;unparalleled support and efforts to overcome the current challenges and ensure success in all aspects&#8221;.<\/p>\n\n\n\n<p>So far, there has been no response reported from Infosys in this regard.<\/p>\n\n\n\n<p>The compensation reviews at the Bengaluru-based company were announced during June this year.<\/p>\n\n\n\n<p>As it was with retrospective effect from June.<\/p>\n\n\n\n<p>It appears that the management could have delayed the process this year.<\/p>\n\n\n\n<p>In June, then-CFO, Nilanjan Roy said that rolling out salary hikes was under \u2018active consideration\u2019, during an earnings call after the first quarter.<\/p>\n\n\n\n<p>The timing for the distribution of these salary revision letters was a day ahead of Infosys&#8217; much-anticipated &#8216;Stellar Saturday Culture Carnival&#8217; event which was scheduled for December 16 across its numerous campuses in India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a pleasant surprise to its employees, the country&#8217;s IT major, Infosys seems to have decided to kick off its delayed pay hike now. Salary Hike For Infosys Employees It appears that the technical giant has jump-started the holiday season by announcing salary revisions for a substantial number of its workforce. Considering this positive turn [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":1247508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[311,4205],"class_list":["post-1277082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-infosys","tag-infosys-salary-hike"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Infosys Salary Hike Starts For Eligible Employees: Around 10% Is Average Salary Hike, Effective November 1st - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/infosys-salary-hike-starts-for-eligible-employees-around-10-is-average-salary-hike-effective-november-1st\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Infosys Salary Hike Starts For Eligible Employees: Around 10% Is Average Salary Hike, Effective November 1st - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"In a pleasant surprise to its employees, the country&#8217;s IT major, Infosys seems to have decided to kick off its delayed pay hike now. 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