News: Infosys encouraging entry-level employees

Employee Engagement

Infosys encouraging entry-level employees

India’s second largest software services exporter Infosys Ltd may have allowed non-performing senior executives to exit but it has decided to motivate entry-level employees with the offer of a fixed pay—regardless of how well or badly they perform—hoping to stem rising attrition levels. The move is seen as a bid to lift employee morale and keep them from leaving at a time when the company is searching for a new chief executive amid lower profit and revenue that in turn have resulted in poor wage hikes. From 1 April, entry-level employees at Infosys, or those with zero to three years’ experience, are being given their performance bonus as part of their total salary. Prior to this, they were given a variable performance bonus that amounted to 5% of their gross salary.

India’s second largest software services exporter Infosys Ltd may have allowed non-performing senior executives to exit but it has decided to motivate entry-level employees with the offer of a fixed pay—regardless of how well or badly they perform—hoping to stem rising attrition levels. The move is seen as a bid to lift employee morale and keep them from leaving at a time when the company is searching for a new chief executive amid lower profit and revenue that in turn have resulted in poor wage hikes. From 1 April, entry-level employees at Infosys, or those with zero to three years’ experience, are being given their performance bonus as part of their total salary. Prior to this, they were given a variable performance bonus that amounted to 5% of their gross salary.

Read the Live Mint news report here.

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Topics: Employee Engagement, #Retention, #Corporate

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