The employees of Infosys have received some good news for 2023. The technology company has sent out letters announcing salary increases, and the average percentage raise has been revealed.
Many of the employees at Infosys, a significant tech company that NR Narayana Murthy founded, recently received pay raises. This happened on December 15th, according to an article in the Economic Times. It’s good news for the employees, as it coincides with the holiday season.
Infosys has given good news to its employees by announcing a salary hike. The company, which NR Narayana Murthy founded, distributed salary increase letters to numerous employees on Friday, December 15, according to a report in the Economic Times.
Infosys salary increase in 2023: Latest update
Based on a report from the Economic Times, Infosys employee salary raises will be implemented starting from April 1, 2023. However, the announcement for the raises was made on November 1, 2023. Infosys sent a message to its employees stating, “We are happy to increase your pay to recognize your dedication and performance, starting from November 1, 2023.” This salary hike is part of the 2023-24 review program at Infosys.
Infosys salary increase percentage
According to a report by ET, the salary increase percentage at Infosys is said to be less than 10 percent. Some employees have reportedly received increases in single digits. People who are aware of the salary increase decision at Infosys were quoted in the ET report.
Infosys salary increase in 2023: Salary revisions rolled out after a delay
The latest news about salary revisions at Infosys comes after reports of a delay in pay increases this year. Normally, salary revisions for Infosys employees happen in June each year, and the increases are effective from April 1. However, the salary increases at Infosys were delayed. During the Infosys earnings conference in the first quarter of FF23-24, Infosys CFO Nilanjan Roy mentioned that the matter was being actively considered. The salary revision has brought relief to many employees who were eagerly waiting for pay increases for the performance cycle mentioned.