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Infosys beats rivals TCS and Wipro in Q2 revenue growth, to roll out salary hikes

Oct 15, 2020, 02:57PM ISTSource: TOI.in

Infosys has announced salary increases and promotions across all employee levels from January. IT giant posted a strong performance in the second quarter. India’s second-largest software services company will also give 100% variable pay and a special incentive to junior employees for the second quarter. Salary increases are normally given with effect from April, but the pandemic and resulting business uncertainty forced the company, as also its peers, to freeze hikes and promotions. 'The quantum of increase in salary will be identical to the previous year,' chief operating officer Pravin Rao said. The company had increased salaries by an average of 6% last year. TCS too had said last week that all its employees would be given a salary increase from October.

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