- Infosys CEO Salil Parekh announced that the company will roll out salary hikes in two phases during the post-Q1 earnings press conference.
- Most employees will receive salary revisions in October, while senior employees will see increases in January, as reported by the company's management.
Infosys is set to roll out salary hikes in October for most employees, with senior staff receiving adjustments in January, as confirmed by CEO Salil Parekh. The increases will occur in three phases, reflecting the company's strategy to enhance employee compensation amid a competitive market.34
During a post-Q1 earnings press conference, Parekh stated, "Most employees will get hikes in October and senior employees will get in January." This decision comes as Infosys aims to retain talent in a challenging environment, where the attrition rate has risen to 13% from 12.6% in the previous quarter.
The company has also announced plans to recruit 20,000 freshers this year, having already hired over 4,000 in Q1FY27. Despite a slight decrease in total workforce to 328,062 employees, Infosys reported a 12.2% year-on-year increase in consolidated net profit to ₹7,769 crore for the quarter, with revenue rising 14% to ₹48,211 crore.
The company is navigating a landscape where clients are cautious with spending, particularly due to disruptions from artificial intelligence. As a result, Infosys has adjusted its revenue growth forecast to 3% from an earlier 3.5%.
In summary, the phased salary hikes reflect Infosys' commitment to employee welfare while addressing the challenges posed by market conditions and competition for talent.
“Infosys reported lower-than-expected quarterly revenue of ₹48,211 crore, missing analyst estimates, and cut its revenue growth forecast to 3%. The company's headcount declined by 532 to 328,062, attrition rose to 13%, and it plans to hire 20,000 freshers this year, having already hired 4,000 in Q1FY27.”
Deccan Herald
