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infosys salary hike 2020 latest news

Voluntary attrition was at 7.8%, the lowest among many quarters. It is also giving 100 per cent variable pay, along with a special incentive for junior employees. Salary hikes will be identical to previous years. Infosys to reinstate wage hikes, promotions and hiring over the next three months IANS Infosys gave its employees 100% variable pay over the last … Infosys COO Pravin Rao said the quantum of salary hikes will be identical to those seen in previous years. Last year, the average wage hike by Infosys in India was around 6 per cent, while it was 1-1.5 per cent outside the country. In the September 2020 quarter, Infosys added 975 people. Infosys paid 6% to over 85% of its employees in 2019. Infosys announces salary hikes, 100% variable pay and special incentive for employees Money Results Wednesday, October 14, 2020 - 16:44 Shilpa S Ranipeta Follow @Shilparanipeta The second-biggest software firm Infosys Ltd has posted a 20.5 per cent hike in its net profit for the quarter ending September 30. In FY20, the average wage hikes for Infosys’ employees in India was around six per cent, while it was between 1-1.5 per cent for those located overseas. The announcement of salary hike and promotions by Infosys came a week after its industry rival TCS announced that it will roll out salary hikes for its employees effective October 1. Last year, the average wage hike by Infosys in India was around 6 per cent, while it was 1-1.5 percent outside the country. The company had 2,40,208 employees at the end of September 2020 quarter. In the September 2020 quarter, Infosys added 975 people. See Infosys salary hike Latest News, Photos, Biography, Videos and Wallpapers. IT major Infosys on Wednesday said that it will roll out salary hikes and promotions across all levels effective from January 1, 2021. Infosys Q2FY21 report. Soon after the outbreak of the Covid-19 pandemic, Indian IT majors including TCS, Infosys and Wipro had decided to freeze the salary hike decision as a cautionary move. This decision follows its Q2F21 report which has recorded massive profits for the company. Infosys COO Pravin Rao said the quantum of salary hikes will be identical to those seen in previous years. 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. Last year, the average wage hike by Infosys in India was around 6 per cent, while it was 1-1.5 per cent outside the country. Infosys To Roll Out Salary Hikes, Raises Revenue Forecast Consolidated net profit for Infosys in the September quarter climbed 26.6 per cent to Rs 4,845 crore. 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