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Friday, 9 November 2018

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Infosys can hike the salary of its senior employees

Infosys can hike the salary of its senior employees



Infosys can increase the salary of its senior level executives in the month of January. There is also hope for more emphasis on performance insets for staff, appointed under digital contracts in the company.

According to the sources, negotiation is being done for the salary increments of Associate Vice Presidents (AVPs), Vice Presidents (VPs), Senior Vice Presidents (SVPs) and Executive Vice Presidents (EVPs) and the budget is also being finalized. Significantly, there are a total of 500 staff in this ranks.

Sources show that this last year, they will be given hikes of 3 to 5 percent. About 100 to 150 executives are also expected to be promoted. After the advent of new digital technology in the IT industry and changes in the business model, senior level compensation is being closely monitored. Because of this, performance based incentives are being monitored closely.

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