Infosys rolls out salary revision letters with lower 5-8% average hikes

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IT services firm Infosys on Tuesday sent salary revision letters to employees, with a raise of between 5% and 8% to most of them depending on their performance rating, according to people briefed on the matter.Solid and exceptional performers, who are in a smaller number, though got a double-digit increase, the people said.

The company increased the salaries under the broad classifications of “met expectations”, “commendable performance” and “outstanding performance”.

The employees assessed at “met expectations” got a 5-7% increase,…



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Infosys rolls out salary revision letters with lower 5-8% average hikes


IT services firm Infosys on Tuesday sent salary revision letters to employees, with a raise of between 5% and 8% to most of them depending on their performance rating, according to people briefed on the matter.Solid and exceptional performers, who are in a smaller number, though got a double-digit increase, the people said.

The company increased the salaries under the broad classifications of “met expectations”, “commendable performance” and “outstanding performance”.

The employees assessed at “met expectations” got a 5-7% increase,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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