Infosys reduces avg variable payout for Q4FY23 to 60%
While the average payout is 60 percent, an employee’s final variable payout will depend on their unit or department’s guidelines.
Source: moneycontrol.com
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Infosys slashes variable pay again; 65% performance pay to eligible employees
Infosys has been cutting back on variable pay since the past few quarters. The average variable payout made to employees in April to June quarter was 70 per cent. The company has noted that this is because of pressure on margins due to the wider economic downturn in the West.
Source: businesstoday.in
Infosys reduces average variable pay to 70% for June quarter amid margin squeeze
According to the sources, Infosys has reduced variable payout for the June quarter or Q1 FY23 to about 70 per cent and the employees have been informed about the same. Get more Companies News and Business News on Zee Business.
Source: zeebiz.com