Infosys salary hike 2023: Good news for Infosys employees as tech-giant rolls out salary revision letters – Average percentage hike revealed – Life Changer

Infosys salary hike 2023: Good news for Infosys employees as tech-giant rolls out salary revision letters – Average percentage hike revealed

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Infosys salary hike latest news today: Tech giant Infosys has kicked off the holiday season with good news for employees. NR Narayana Murthy-founded Infosys reportedly handed over salary hike letters to a large number of employees on Friday, December 15, the Economic Times said in a report.

Infosys salary hike 2023: Good news for Infosys employees as tech-giant rolls out salary revision letters – Average percentage hike revealed

Infosys salary hike latest news today: Tech giant Infosys has kicked off the holiday season with good news for employees. NR Narayana Murthy-founded Infosys reportedly handed over salary hike letters to a large number of employees on Friday, December 15, the Economic Times said in a report.

Infosys salary hike 2023: Latest news

According to the report in the Economic Times, Infosys salary hikes are effective from April 1, 2023, but have been announced from November 1, 2023. “We are pleased to revise your compensation in acknowledgement of your commitment and performance with effect from November 1, 2023,” ET cited an Infosys internal communication with employees as saying. Infosys salary hike is for the review programme of 2023-24.

Infosys salary hike percentage

According to the ET report Infosys salary hike percentage is reportedly below 10 per cent and several employees have reportedly received hikes in the single digit – people aware of the Infosys salary hike decision were cited as saying in the ET report.

Infosys salary hike 2023: Infosys rolls out salary revisions after delay

The latest development on Infosys salary revision comes on the backdrop of the reported delay in the Infosys pay hikes this year. Typically, salary revision for Infosys employees takes place in June every year and the hikes are effective with retrospective effect from April 1. Salary hikes for Infosys were, however, delayed and during the Infosys earnings conference in the first quarter of FF23-24, Infosys CFO Nilanjan Roy had said that the matter was under ‘active consideration’. The revision has thus come as a relief to several employees who were eagerly waiting for pay hikes for the said performance cycle.

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