Infosys to roll out 6-8% annual salary hikes in India from January 2025: Report

This is the first phase of Infosys' planned salary revisions. The second phase will come in April.

Published on: Jan 17, 2025, 08:06:20 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

Infosys will be rolling out 6-8% annual salary hikes for employees in India from January 2025, according to a Moneycontrol report.

Figurines with computers and smartphones are seen in front of Infosys logo in this illustration. (Reuters)

This is the first phase of its planned salary revisions. The second phase will come in April.

Also Read: House shown in ‘Home Alone’ movie sells above asking price in rare deal

"Broadly, the comp (annual increment) that we are expecting is 6-8% in India, and the overseas comps will be in line with the earlier comp reviews," the report quoted Infosys’ Chief Financial Officer Jayesh Sanghrajka as saying while addressing the press after declaring the third quarter results for the financial year 2024-25.

The IT giant which employs more than 3.23 lakh professionals last did salary hike in November 2023.

The delay to do so till now was because of the broader uncertainty in global demand for discretionary IT services and the pressure IT companies face due to weak discretionary spending, delayed client budgets, and macroeconomic uncertainties.

Also Read: Reliance Industries' Q3 net profit rises by 7.4% to ₹18,540 crore

Sanghrajka also said the hike could create "some headwinds" in the fourth quarter of 2024-25 and the first quarter of 2025-26.

The salary hikes will be in line with previous ones, with employees outside India getting low single-digit increments.

"Most employees will see their salary increases in the fourth quarter," CEO Salil Parekh said on the analyst call after the results. “Of course, high performers would receive much higher hikes, et cetera.”

Also Read: Not Adani Group, Hindenburg Research's first report was on this Indian company

Infosys' net profit for the third quarter rose 11.4% year-on-year to ₹6,806 crore from ₹6,106 crore earlier. Its revenue from operations also rose 7.5% to ₹41,764 crore compared to ₹38,821 crore earlier.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.