Infosys COO Pravin Rao said the quantum of salary hikes will be identical to those seen in the previous years. "Recognising the continuing stellar commitment from our employees during these times, we are paying out variable pay for the quarter at 100 per cent. In the September 2020 quarter, Infosys added 975 people. Check out the latest jobs news only on Gadgetsnow.com. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". India's second-largest IT services firm Infosys on Wednesday said it will roll out salary hikes and promotions across all levels effective January 1. “The salary increase will be across all bands of employees and it (the quantum) will be similar to what we had done in the past,” said Milind Lakkad, chief human resource officer at the Tata Group company. Infosys To Roll Out Salary Hikes, Raises Revenue Forecast Consolidated net profit for Infosys in the September quarter climbed 26.6 per cent to Rs 4,845 crore. BANGALORE: Infosys' revenue rose moderately in the June quarter, but at the cost of profit, which took a hit partially on account of salary increases. Read all news including political news, current affairs and news headlines online on Infosys Salary Hike today. IT major Infosys on Wednesday said that it will roll out salary hikes and promotions across all levels effective from January 1, 2021. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Last year, the average wage hike by Infosys in India was around 6 per cent, while it was 1-1.5 per cent outside the country. Infosys  | TCS, Bibhu Ranjan Mishra  |  Infosys had earlier said it was suspending promotions and pay hikes amid the epidemic-led slowdown in business but would honour all the job offers it had made. Its voluntary attrition for IT services on an annualised basis declined to 7.8 per cent as compared to 18.3 per cent in the year-ago period. 81 days ago. The announcement of salary hike and promotions by Infosys came a week after its industry rival TCS announced that it will roll out salary hikes for its employees effective October 1. Infosys Q2FY21 report. Read latest news and live updates on Infosys-salary-hike including breaking news on Infosys-salary-hike,Infosys-salary-hike photos,Infosys-salary-hike videos and many more at cnbctv18.com. Find Latest Hindi News on Infosys salary hike along with Infosys salary hike Breaking News photos and videos, Infosys salary hike हिन्दी समाचार, and more information on Infosys salary hike. Soon after the outbreak of the Covid-19 pandemic, Indian IT majors including TCS, Infosys and Wipro had decided to freeze the salary hike decision as a cautionary move. Infosys had over 2.40 lakh employees as of September end. Get more Companies News and Business News on Zee Business. Digital Editor. Indian IT major Infosys is expected to give its senior employees a pay hike in January 2019. We will pay a one-time special incentive in Q3 for our junior employees," Infosys CEO and MD Salil Parekh said during a virtual briefing. Infosys to roll out salary hikes from Jan 2021; pay special incentive to junior staff. In Q2, Infosys added around 5,500 people on gross basis, including about 3,000 fresh recruits and 2,500 laterals (people with experience). Rao said attrition has come down significantly than what is typically seen around this time of the year. NR Narayana Murthy lambastes Infosys COO’s salary hike Infosys: The founders of Infy who hold over 12.75 per cent stake in the company had then sent a letter to the board raising several concerns. Bengaluru  In the September 2020 quarter, Infosys added 975 people (net) to take its headcount to 2,40,208 employees. We, however, have a request. 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