Stay updated with breaking news from Variable Pay. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
This comes as India's second largest IT firm paid 60% variable last quarter on an average. The company has also not rolled out annual hikes for employees for the year FY23. Previous hikes were paid in July 2022.
Infosys' top performer employees are likely to get 95 per cent of the variable pay; the company gives a quarterly variable payout to its employees
There are some companies that are contemplating increasing the variable pay component to make performance more competitive.
For middle and senior executives, variable pay gets steeper as scrutiny increases
A majority of the company’s employees are also yet to receive variable pay and other incentives.