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Chamarti Sreekar
Passionate about Pos... • 4m
Infosys has announced salary hikes for its employees, with increments ranging between 5% and 8%, according to a report by Moneycontrol. The percentage of the raise will depend on the employee's base salary, with variations based on factors such as performance, role, and experience level. The IT services giant’s decision to implement salary increases comes as part of its regular compensation review process, aimed at rewarding and retaining talent in a competitive industry. The increments are expected to benefit a significant portion of its workforce and align with industry standards for annual salary revisions. Infosys, like many other tech firms, has faced challenges in the current economic climate, including fluctuating demand and cost pressures. However, the company continues to focus on employee welfare and talent retention through competitive pay structures, skill development initiatives, and career growth opportunities. The new salary structure will likely be reflected in employees' pay from the upcoming appraisal cycle, with more details on individual hikes expected to be communicated internally.
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