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Infosys Announces Salary Hikes: Annual Increments Effective January 2025
Infosys Announces Salary Hikes : In a significant move to reward its workforce, Infosys, India’s second-largest IT services company, has announced its annual salary hike schedule. The increments will start from January 2025, aligning with the company’s strong Q3 FY25 performance and earlier communications.
Salary Hike Details
- Effective Dates and Notifications:
- Job Level Five (JL5) employees, including track leads, will receive their increment letters in February 2025. The salary hike for this group will be effective from January 1, 2025.
- Job Level Six (JL6) and Above: Managers, senior managers, delivery managers, and senior delivery managers will get their increment letters in March 2025, with the hike becoming effective from April 1, 2025.
This schedule marks a shift from the company’s usual practice. Typically, increments are announced in June for a July implementation, but delays were observed in 2024. The last compensation revision was effective November 1, 2023, covering the appraisal cycle from September 2022 to October 2023.
Context and Background
Infosys had paused salary hikes during FY22 to conserve cash amid economic uncertainty. However, with the resumption of its annual appraisal cycle from October 2023, eligible employees received pay revision letters in December 2023. This upcoming round of salary hikes underscores the company’s commitment to rewarding performance and maintaining workforce morale.
Infosys’ Stellar Q3 FY25 Performance
The decision to implement salary hikes comes on the back of Infosys’ robust financial results for Q3 FY25:
- Net Profit: Rs 6,806 crore, an 11.4% year-on-year increase from Rs 6,106 crore in Q3 FY24.
- Revenue Growth: Rs 41,764 crore, reflecting a 7.5% year-on-year rise compared to Rs 38,821 crore in the previous year.
- Revenue Guidance: Infosys has raised its constant currency (CC) revenue growth guidance for FY25 for the third consecutive quarter, now projected at 4.5-5%, up from the previous guidance of 3.75-4.5%.
Employee Appraisal and Rewards
During a recent town hall in Infosys Validation Services (IVS), senior executives reaffirmed the company’s focus on recognizing employee contributions. Ratings for the appraisal period were issued in December 2023, forming the basis for these upcoming salary increments.
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Conclusion on Infosys Announces Salary Hikes
With a strong financial performance and a clear commitment to employee welfare, Infosys continues to strengthen its position as a top employer in the IT industry. The timely salary hikes reflect its strategy to balance business growth with employee satisfaction, reinforcing trust and motivation within its workforce.
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