Infosys CEO Salil Parekh said that the company will also pay a special bonus in the quarter to December, while paying 100% variable pay in the previous quarter. FRIENDS. Attrition is more likely when employees are working from home: Shruti Aggarwal, StashFin, Hybrid workspace or Hub & Spoke model: How co-working companies are ensuring they remain relevant in WFH era, Expectations from HR professionals in the Evolving Normal. The Economic Times Phoenix CXO Virtual Summit on H.. Infosys is also giving 100 per cent variable pay, along with a special incentive for the second quarter. Infosys’ Salary Hikes To Restart Now And Will Be Effective From January 2021. On the recently announced restrictions on H-1B non-immigrant visa programme in the US, Rao said the company will be able to handle these challenges with minimal impact as the company has been aggressively hiring local talent laterally as well as from colleges and universities in America. Over the next three months, the salary increase process will be restarted for senior employees as well, effective from January 1, 2021. All Rights Reserved. North America accounted for over 60 per cent of its quarterly revenues, followed by 24.3 per cent from Europe, 3 per cent from India and 12 per cent from Rest of the World (RoW). Infosys COO Pravin Rao said the quantum of salary hikes will be identical to those seen in previous years. IT giant Infosys has announced that it will roll out salary hikes and promotions across all levels in the company from 2021. Click "Continue" to accept and continue with ETHRWorld. Infosys COO Pravin Rao said the quantum of salary hikes will be identical to those seen in the previous years. India's second largest IT major company, Infosys announced that it is all set to roll out salary increases and promotions across all levels which will be effective from January 1, 2021. “I’m thankful to all … Updated: … “…for this year, we are looking at 16,500 freshers in India joining us and hiring has started for next year and we are probably looking at 15,000,” he added. Its voluntary attrition for IT services on an annualised basis declined to 7.8 per cent as compared to 18.3 per cent in the year-ago period. Infosys to Roll Out Salary Hikes from January 2021, Pay Special Incentive to Junior Staff Infosys has acquired US-based product design and development firm, Kaleidoscope Innovation, for $42 million. Infosys said the demand for its services is increasing as clients spend more on technology. In the September 2020 quarter, Infosys added 975 people. The Bengaluru-based company has 2,40,208 employees at the end of September 2020 quarter. Infosys is also giving 100 per cent variable Infosys to roll out salary hikes from January 2021; pay special incentive to junior staff | Deccan Herald GET THE DH APP Human Resource as an Organisational Function: The Divide between Theory and Practice India's pioneer IT services firm, Infosys has announced salary hikes and promotions to employees from January 2021. Please review and accept these changes below to continue using the website.You can see our privacy policy & our cookie policy. As per the company's report for Q2F21, the tech-giant has recorded a net profit of 20.5 per cent for its quarter ending September 30. He added that this was on account of multiple factors, including the steps taken by the IT major towards employee engagement and safety during the pandemic. Co-creating a redefined employee experience. “Since 2017, we have aggressively embarked on a localisation strategy. Copyright © 2021 The Indian Express [P] Ltd. All Rights Reserved, Infosys to roll out salary hikes from Jan 2021; pay special incentive to junior staff, Infosys also plans to hire about 15,000 freshers from campuses next year. In the last three years, we have recruited more than 13,000 locals in the US. Infosys will roll out salary increases and promotions across all levels effective January 1 as the company forecast higher growth in the year ahead on the back of large deal wins from customers. In the September 2020 quarter, Infosys added 975 people (net) to take its headcount to 2,40,208 employees. The salary hike process will restart now and will be effective on January 1, 2021, he added. India's second-largest IT services firm Infosys on Wednesday said it will roll out salary hikes and promotions across all levels effective January 1 In the September 2020 quarter, Infosys added 975 people (net) to take its headcount to 2,40,208 employees. 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