News: IT major Infosys increases fixed component of salaries

Compensation & Benefits

IT major Infosys increases fixed component of salaries

India's second-largest software exporter Infosys has announced that it will increase the fixed component of salaries, helping reduce uncertainty for employees by giving them a higher guaranteed pay, Economic Times reported.

India's second-largest software exporter Infosys has announced that it will increase the fixed component of salaries, helping reduce uncertainty for employees by giving them a higher guaranteed pay, Economic Times reported.

At senior levels, the variable component was reduced up to 15 percentage points and by 7 percentage points at junior levels. The new compensation structure will be effective July 1, and coincide with the salary increments that were announced on Thursday. Infosys had announced average wage increments of 8% for employees in India and 3% for onsite employees.

Read the full report here

Read full story

Topics: Compensation & Benefits, #Updates, #TotalRewards

Did you find this story helpful?

Author

QUICK POLL

Post-COVID, which aspect of work will technology impact the most?

2 months free subscription
q_auto,f_auto/v1593523489/mag-july-2020.png

Subscribe to all new People Matters HR Magazine

.

Subscribe
And Save 59% plus Two months free

Subscribe now

Interested in daily dose of short & crisp insights from the world of work?