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Infosys Salary Hike: Salary hikes have been rolled out to employees in band JL6 and below, effective from April 1.
Infosys Salary Hike
Infosys, India’s third-largest IT services company, began rolling out wage hikes on February 24, with increases ranging from 5% to 8%, according to a Moneycontrol report.
Infosys Implements Salary Hikes for Employees at JL5 and JL6
Infosys has rolled out salary increments for employees across Job Level 5 (team leaders and below) and Job Level 6 (managers below vice presidents). While JL5 employees received pay revisions with retrospective effect from January 1, JL6 employees will see their salary hikes take effect from April 1, reports stated.
In addition to the standard wage hikes, exceptional performers at Infosys received increases of about 10-12%. The Bengaluru-based company categorizes performance into four levels: outstanding, commendable, met expectations, and needs improvement.
On January 16, Infosys announced plans to implement 6-8% annual salary hikes for its employees in India, starting in January 2025. These increases will be rolled out in phases, with the second phase set to begin in April 2025.
In FY25, most major IT companies, except Tata Consultancy Services (TCS), delayed their wage hike cycles, which typically occur earlier in the fiscal year. This delay is a strategy to protect margins amid uncertainties in discretionary spending and a challenging demand environment, as salaries make up a significant portion of these companies’ wage bills.
Sources indicate that Infosys will also offer allowances and other benefits to employees in the taxable income bracket to help offset the impact of lower salary increments.
Infosys, which employs over 3.23 lakh professionals, last implemented salary hikes in November 2023.
“Broadly, the annual salary increments we are expecting in India are between 6-8%, with overseas increments aligned with earlier reviews,” said Infosys’ Chief Financial Officer, Jayesh Sanghrajka, during a press conference after the company announced its third-quarter results for FY25 (ending December 31, 2024).
CEO Salil Parekh further added that high performers would receive significantly higher salary hikes, with most employees’ increases set to take effect in the fourth quarter, as he shared with analysts following the Q3 results.
