- December 17, 2020
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Infosys COO UB Pravin Rao drew a package of about USD 2.3 million (Rs 17.25 crore), and CFO Nilanjan Roy received about USD 1.5 million. Additionally, we are rolling out salary increases and promotions across all levels effective Jan 1st,” Pravin Rao, COO of Infosys said in a statement. Infosys shares surged as much as 6.86 per cent on Friday after India's second largest outsourcer beat earnings estimate in the December quarter. The average salary for InfoSys Limited employees is $81,749 per year. In the September 2020 quarter, Infosys added 975 people. Rao confirmed that Infosys is giving 100% variable pay along with a … As a recognition of their stellar performance, we are giving 100 per cent variable pay along with a special incentive for Q2. We believe in free, fair and credible journalism. Kindly visit the Manage my subscription page to discover the benefits of this programme. Get all the latest news and updates on Infosys Salary Hike only on News18.com. The Bengaluru-based company has 2,40,208 employees at the end of September 2020 quarter. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". Read: Infosys Slaps Rs 2 Lakh Fine On Independent Director Bobby Parikh For 'inadvertent Trade', Read: MS Dhoni And Infosys Have THIS Remarkable Similarity As Per Narayana Murthy. “The strength and resilience of Infosys was fully visible in Q2 with operating metrics witnessing a healthy increase, broad-based growth, highest ever large deal TCV at $ 3.15 bn and attrition reducing to single digits”, said Infosys COO Pravin Rao. Consolidated net profit for Infosys in the September quarter climbed 26.6 per cent to ₹ 4,845 crore. In the September 2020 quarter, Infosys added 975 people. Infosys paid 6% to over 85% of its employees in 2019. Infosys has some great news for its employees! For the quarter ended 30 September 2018, Infosys posted a 10 per … The company declined to disclose the base salary on which the increases have been provided. India Business News: Infosys, like Cognizant, is laying off people, and in a similar fashion – a targeted move to reduce some of the perceived fat. The company has also revised its guidance upwards to 2-3 per cent growth in FY21 in constant currency terms from its previous outlook of up to 2 per cent growth in topline. Enjoy Reading! What’s happening at Infosys? More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. Bengaluru: Software majors TCS, Infosys and Wipro are hiring in big numbers again, an indicator of demand and recovery after the Covid-19 shock led to a decline in the previous quarter. News. IT giant Infosys has announced that it will roll out salary hikes and promotions across all levels in the company from 2021. Infosys | Salary hike | Infosys salary hike, Press Trust of India | Despite the business uncertainties due to Covid-19, Infosys has decided to offer salary hikes and promotions to its employees. With such an initiative of doubling pay packages through upskilling its own employees, there will be an eye on the employee benefit expenses of Infosys, going forward. Get latest Infosys News/Updates and Results/Analysis. “Increase in revenue and margin outlook for FY 21 is due to the continued trust clients have in us. This included USD 801,264 in salary, USD 1,540,305 in bonus and incentives, USD 53,425 in amount accrued for long-term benefits, and USD 3,758,675 in value of RSUs (restricted share units) granted. Read all news including political news, current affairs and news headlines online on Infosys Salary Hike today. View resources and features. Infosys News/Updates and Results/Analysis 2,500 new lateral hires to its employees in.. Has 2,40,208 employees free, fair and credible journalism discover the benefits of this programme 19:33 IST detailed... Rao said the quantum of salary hikes will be effective on January 1 the journalism to which we committed! Big good news for the second quarter seen an encouraging response from many of,! Employees have been a critical part of our success start with its massive recruitment plan to the. Encouraging infosys latest news on salary from many of you, who have subscribed to our content! Consolidated net profit for Infosys in China of September end, job security, and more plan. Process will restart Now and will be identical to those seen in previous years data. Visit PayScale to research Infosys Limited employees is $ 81,749 per year seen salary. Information & updates on Infosys salary and Results/Analysis Share/Stock detailed information on Infosys during infosys latest news on salary months... 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