Infosys Ltd is likely to begin rolling out annual pay hikes in February 2025, according to a report, which said that employees at job level 5 (JL5) are likely to the letters first.
A man walks past a billboard of Infosys Technologies Ltd's office in Bangalore, October 10, 2003. (Jagadeesh NV/Reuters)
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Employees at job level five (JL5) will receive their letters in February with the raise becoming effective retrospectively from January 1, while those at JL6 and above will receive their letter in March with the hike becoming effective from April, according to an Economic Times report.
This hike comes for the appraisal period from September 2022 to October 2023. Employees had received their rating letters in December 2023, despite the letters usually coming in June for hikes effective in July.
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This was because Infosys froze salary hikes in the financial year 2021-22 to conserve cash and started its annual appraisal cycle starting in October 2023.
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This was because Infosys froze salary hikes in the financial year 2021-22 to conserve cash and started its annual appraisal cycle starting in October 2023.
The IT giant also gave an 85% average performance bonus payout to eligible employees for the second quarter of 2024-25 which was a little higher than the first quarter’s 80% average payout.
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