Infosys to roll out 80% average variable pay for Q2: Report
Employees who fall below the manager category and above entry levels will be eligible for this range of payout
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Employees who fall below the manager category and above entry levels will be eligible for this range of payout
India Business News: Infosys, the Bengaluru-based IT giant, is set to distribute the quarterly performance bonus to eligible employees for the July-September period. The a
Infosys 80% variable payout for September 2023 Quarter: Individual payouts will be different based on the performance and contribution for the quarter
Employees at position level 6 (PL6-manager) and below band – meaning those below manager category barring entry level – are set to receive the variable pay. While the average payout would be at 80%, individual payout will differ based on their performance and contribution for the quarter, as per an official communication by the engineering team HR head at Infosys.
The Indian IT sector is facing headwinds due to the broader macroeconomic conditions and cutbacks on discretionary spends. Amid this another prominent trend is multiple senior level executives' exits