BENGALURU: Infosys has rolled out hikes ranging from 5% to 8% for employees spanning junior positions to senior roles up to job level 7. The company offered double-digit hikes to top performers who demonstrated exceptional performance, sources told TOI. Infosys is expected to roll out increments to title holders, who hold designations of associate VPs, SVPs, and EVPs, in April.
In the Dec quarter earnings press conference, Infosys CFO Jayesh Sanghrajka stated that the average salary hike for India employees is between 6% and 8%. Increments will be rolled out in two tranches, with effect from Jan, for those up to mid-level employees. An email sent to Infosys did not elicit a response till the time of going to the press.
This year’s hike has been broad-based with a sharper focus on performance, while the previous appraisal cycle included a component of tenure to the process. At a recent town hall, Infosys chief HR officer Shaji Mathew told employees that the letters would come before the end of the financial year. Infosys said it is on track to hire 15,000 freshers this quarter. In the 2025-26, the company is planning to hire 20,000 freshers. Infosys added 5,591 employees in the Dec quarter, taking the employee count to 323,379. However, attrition increased to 13.7% in the Dec quarter from 12.9% in the preceding one.