News: IT major Infosys increases fixed component of salaries

#Updates

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

Topics: #Updates, #TotalRewards, Compensation & Benefits

Did you find this story helpful?

Author

QUICK POLL

Is India Inc ready to support the gig economy?

On News Stands Now
q_auto,f_auto/v1573046219/mag-november-2019.jpg

Subscribe now to the All New People Matters in both Print and Digital for 3 years.

.

Subscribe
And Save 59%

Subscribe now

How likely are you to recommend our content to a friend or colleague?

01
10
Selected Score :