While on one hand Tata Consultancy Services (TCS) has announced to lay off more than 12,000 employees from its global workforce this year, on the other hand, the country’s leading IT company Infosys is planning to hire around 20,000 graduates this year. According to a media report, Infosys CEO Salil Parekh has confirmed the company’s plan to hire around 20,000 graduates this year.

what is the detail

According to a Times of India report, Infosys CEO Salil Parekh said, “We hired over 17,000 people in the first quarter and plan to bring on about 20,000 college graduates this year.” Parekh said the company has been able to stay afloat by making strategic investments in AI and reskilling. So far, the IT giant has trained about 2,75,000 employees at various levels.

What did Salil Parekh say on layoffs?

Infosys CEO Salil Parekh has assured no job cuts and confirmed plans to hire around 20,000 graduates this year. According to Parekh, strategic investments in AI and reskilling initiatives have enabled the company to maintain a competitive edge. AI enhances automation and insights, but it requires advanced skills.

June quarter results

Infosys has earned a net profit of Rs 6,924 crore in the first quarter of the current financial year, which is 8.6 percent more than the first quarter of the previous financial year. In the first quarter, the company’s revenue increased by 7.5 percent on an annual basis to Rs 42,279 crore. During this period, its total operating cost increased by 10.4 percent and stood at Rs 3,850 crore. In the first quarter, the company received 27.9 percent revenue from clients in the financial services sector. This was followed by manufacturing (16.1 percent), energy, utility, resources and services (13.6 percent), retail (13.4 percent) and communication (12 percent).

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Why will you get less bonus?

According to a report, in a recent company meeting, HR and delivery managers told the employees that the company’s profits have decreased, so the bonus will be reduced.
However, the senior management has assured that this situation is temporary and if the business improves, the bonus will be reconsidered.

Earlier this year, Infosys had increased the salary of many employees by 5% to 8%. But according to the latest report, the company’s profit fell by 11.7% to Rs 7,033 crore in the fourth quarter.

The earnings (revenue) estimated by the company for 2025-26 also looks weak. This may affect bonuses and other benefits.

New policy of working from office Infosys has now implemented a new Work from Office (WfO) policy. Under this, employees will have to come to the office at least 10 days every month. If an employee wants to work from home for more days than this, he will have to take permission at two levels. If permission is not granted and the employee still works from home, those days will be deducted from his leave.

This situation of Infosys shows that the IT sector is currently facing challenges.

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Infosys has said that it will make some changes in its attendance software to ensure that employees work from the office at least 10 days a month. Infosys said in an email sent to functional heads that this new policy will come into effect from March 10, 2025.

These new changes will impose a limit on the number of work-from-home days every month.

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Its first phase will start in February. This salary hike is being done for the changed appraisal of work from September 2022 to October 2023. In February, the staff of job level five and below will be given a letter of salary increase from January 1. That is, the increased salary will be given from January itself.

Its grade letter was given to the staff in December 2023 itself. Only the letter of how much salary will increase will be given in February. Track lead staff is included in the JL 5 category. Software engineers, senior engineers, system engineers and consultants fall below the level of JL 5 category.

Manager, Senior Manager, Delivery Manager and Senior Delivery Manager are included in the category of JL 6 and above. The last salary hike was in November 2023. The salary hike of JL 6 employees will be implemented from April. Letters will be given for this in March.

Staff given an average performance bonus of 85%

Infosys gave an average performance bonus of 85 per cent to the staff based on their performance in the second quarter of 2024-25. Which was slightly higher than the payment of 80 per cent in the first quarter. Earlier, the company had stopped salary hike in 2021-22 to save cash.

Infosys profits may increase

According to a Bloomberg report, Infosys profits may increase further. The rupee has reached a record low of Rs 86.39 against the dollar. Infosys is expected to benefit from this currency fluctuation in software exports. For this reason, experts are expecting a lot from this IT company. The implementation of the salary hike of the staff has also strengthened this expectation.

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The post Infosys Salary Hike: This company has increased the salary from February 2025, key details inside first appeared on Rightsofemployees.com.

According to ET, the bonus benefits will be given to medium and junior level employees in the delivery and sales units. These numbers are a large part of the more than 3.15 lakh employees of the Bengaluru-headquartered software company.

In an email sent to employees, the company said that it will credit the bonus with the salary for the month of November. However, the percentage of payment for each employee has been different depending on their performance and contribution for the quarter.

Infosys expressed gratitude to the employees for their good work

The email reads, “In the second quarter, we have performed better with higher profits, which has further strengthened our market value. This success is a result of your unwavering dedication and our strategic focus on margin performance. Your commitment is helping us build our capabilities and provide convenience to our customers. Thank you for your cooperation.”

Infosys has achieved growth in business for the second consecutive quarter in the quarter ended September. In the September quarter, its consolidated earnings have increased by 4.7 percent year-on-year to Rs 6,506 crore. At the same time, its total earnings have increased by 5.1 percent and reached Rs 40,986 crore. This time too, the company has not disclosed how much it is paying unit-wise in the email sent to the employees.

Let us tell you that Infosys had stopped increasing salaries in the financial year 2021-22 to save cash. It started its annual appraisal cycle in October last year and issued salary revision letter for the last pay cycle in December 2023.

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Information given by IT employee union Nascent Information Technology Employees Senate (NITES) said that Infosys has issued more than 1,000 offer letters for campus hiring for the year 2022. NITES said that offer letters have been issued after more than two and a half years.

Letters issued for the posts of System Engineer

All these offer letters have been issued by the company for the posts of system engineer. The joining date in these letters has been fixed as October 7, 2024. All these software engineers were offered the role of system engineer by Infosys in the year 2022. The matter related to the offer letter from Infosys has progressed when recently the company’s CEO Salil Parekh indicated that the offers given to the freshers by the company will be fulfilled and their joining will also take place.

Received offer letter after waiting for two years

He said, ‘Whatever offer we have given will be to someone who is in the company. We have changed the date but apart from this everyone will join Infosys and there has been no change in any condition related to it.’ NITES President Harpreet Singh Saluja said, the youth engineers who have now received the offer letter have been waiting for the last two years. Now information has been given about the joining date of October 7, 2024.

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He said that Infosys’ decision is a big victory for NITES and all the students who stood firm in the face of uncertainty and delay. We are fully alert…if Infosys fails to fulfil this promise and there is any change in the joining date, we will not hesitate to protest in front of the company office.

Infosys share

closed at Rs 1940 on Tuesday with a decline of more than one percent. The stock, which opened at Rs 1964.90 at the beginning of the trading session, continued to trade flat during the day. In the later trading hours, it saw a decline and fell to Rs 1940. The 52-week high level of the stock is Rs 1,975 and the low level is Rs 1,352. At present, the market cap of the company is Rs 8,05,593 crore.

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This decision of the company has come after the results of its first quarter of the financial year 2024-2025. The company’s net profit has grown by 7.1% on an annual basis and its revenue has increased by 3.6%.

With this growth, the company has overtaken its main competitor in terms of earnings in this quarter. Along with this, the company has set a revenue growth target of 3 to 4% during 2024-25 in its guidelines for this year.

Which employees will get the benefit

The company has said that the bonus benefit will be available only to employees up to band-6 (E6) and below. The company has decided to give a bonus of 75% to 84.5% to its E6 employees, 77% to 86% to E5, and 80% to 88% to E4. The company hires new employees in its E0-E2 category while employees of mid-level positions are hired in E3-E6 category.

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On what basis will you get the bonus

The company has said that the bonus given to the employees will be based on their personal performance. The company says that it has taken this decision to boost the morale of its employees so that they work with more enthusiasm. In the last quarter of the last financial year, Infosys had given a bonus of 60% to its employees.

Why is the company giving so much bonus

In an email sent to the employees, the company has said that the credit for the good performance in the first quarter goes to its employees. The email also mentions that due to the hard work of the employees, the company is increasing its capacity.

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The average payout of variable pay is 80%, but individual payouts will vary depending on quarterly performance and contribution. Only employees in position level 6 or PL6-Manager and below will be given variable pay. This amount will be credited in the November salary.

The company had paid the same average variable pay in the June 2023 quarter also. Whereas Infosys employees got 60% average variable pay for the January-March 2023 quarter and 70% average variable pay for the June 2022 quarter.

The employees of the company are very happy with this news. Let us tell you that recently Infosys has asked its employees to work from office for at least 10 days every month. Infosys has announced the performance bonus payout at a time when the country’s top IT companies have reported slow revenue growth in the September quarter.

This is how bonus performance will be decided

According to the ET report, unit delivery managers will decide the payout for their respective units. They will notify eligible employees this week. Let us tell you that the company had stopped the increase in salary in the financial year 2022-23. However, it started its Annual Appraisal Cycle from October. The 80% payout is similar to the Q1 payout, but higher than previous quarters in FY 2021-22. Then this payout was 60% to 70%.

Disclosure of employee ratings by January

Infosys CFO Nilanjan Roy had said that the company will start its salary hike from November 1. The company will increase salaries for all people below senior management in April and for those above in July. Infosys’ annual appraisal cycle begins in October and ends in September of the next financial year. The company discloses employee ratings by January. Issues salary hike letter in June.

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If you are also having trouble in paying tax, then Infosys company has taken a special step. The Income Tax Department on Saturday said taxpayers are facing difficulties in accessing the e-filing portal and software company Infosys Portal is taking necessary steps for the same.

Difficulty in paying tax

The Income Tax Department has written in a tweet that taxpayers are facing difficulty in accessing the e-filing portal of the Income Tax Department. As reported by Infosys, they have noticed some erratic activity on the portal, which is constantly being addressed to deal with it. The department said that Infosys is resolving it on priority basis.

Infosys gave these suggestions

The Income Tax Department has written on Twitter that a problem has come to our notice in the ‘Search’ option of the e-filing website. The Income Tax Department has directed Infosys to investigate the matter. The company has said that it is resolving the matter on priority basis.

Portal completes one year
Finance Ministry officials also said that there is no breach in the data of the portal. Let us inform that Tuesday was the first anniversary of the launch of the new income tax portal.

The new e-filing portal www.incometax.gov.in (www.incometax.gov.in) was launched on 7 June 2021. Initially, taxpayers and professionals faced problems in submitting tax returns and other forms. Due to this, the government had to extend the deadline for taxpayers to file tax returns and other related forms. The responsibility of developing the portal was given to Infosys in 2019.

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