Infosys has rolled out salary hikes for its employees, though the increases are lower than in previous years. Based on their performance rating, the IT firm has sent salary revision letters to employees, offering hikes between 5% and 8% for most. A small number of high-performing employees received double-digit increases, as per sources mentioned in the report.
Employees were classified into three performance categories: “met expectations,” “commendable performance,” and “outstanding performance.” Those in the “met expectations” category received a 5-7% raise, while employees rated as “commendable” got 7-10%. “Outstanding” performers, making up a small group, received increments ranging from 10% to 20%. Employees rated as “needs improvement” did not receive any salary increase.
The salary revisions applied to employees at Job Level 5 (up to team leaders) and Job Level 6 (managers below vice presidents). Those at JL5 will see their salary hikes take effect from January 1, while for JL6 employees, the revised salaries will be effective from April 1.
The latest salary increments are reportedly 5-10% lower across all performance bands compared to the last pay revision in November 2023. The company’s performance bonus (variable pay) has also seen a similar reduction, reflecting the current industry slowdown.
