Infosys Announces Drastic Hike in Salary – Happy News for Employees!

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Infosys Announces Drastic Hike in Salary - Happy
Infosys Announces Drastic Hike in Salary - Happy

Infosys Announces Drastic Hike in Salary – Happy News for Employees!  India’s one of the biggest IT firms Infosys has been planning to increase the salary for it’s employees. Why because, Infosys believes that this increment would stop the attrition rate of the company. In recent days, India’s biggest IT firms like TCS, HCL, and Infosys hired thousands of new employees to equalize the attrition rate. But, anyways the attrition is been increasing in every quarters. Likewise, Infosys now planned to raise the salary of its employees to stay them.

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According to a report, through the salary hike the company is expecting to bring down the attrition rate which is stated that 27.7 per cent in the previous quarter. It should be mentioned that, this attrition number of Infosys was 28.4 percent during the June 2022 quarter. Meanwhile, Infosys has found it’s total employees count as 3, 35,186 at the end of the June 2022. Moreover, Infosys added 21,171 new employees during the first quarter of this financial year.

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Further, the attrition was 28.4 percent on the last 12 months basis at June 2022 quarter. On regarding this Chief Financial Officer Nilanjan Roy said that, ‘We are investing some new talents to decrease the attrition rate of company. However, we also want our employees to stay back. For this purpose we have been planning to raise the salary of employees’. In between, Infosys has already hired 15,000 new employees in the first quarter of this financial year.

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