In a surprising move, Infosys has initiated salary revisions for a significant number of its employees, deviating from industry norms by implementing the hikes from November 1, 2023. This decision, revealed ahead of the anticipated ‘Stellar Saturday Culture Carnival,’ excludes entry-level workers, and the average pay increase is expected to be below 10%. Amidst a challenging global demand for technology services, this strategic gesture aims to boost employee morale, with variations in hikes ranging from single to low-double digits.

The communication, dated November 1, 2023, expressed appreciation for employees’ commitment and performance during challenging times. The compensation review, applicable for the fiscal year 2023-24, acknowledges employees’ support in overcoming obstacles and ensuring success. The decision to break from the traditional timeline, usually announced in June with retrospective effect from April 1, underscores Infosys’ unique approach to addressing current industry challenges.

Insiders reveal that the average hike is expected to be below 10%, reflecting a carefully calibrated strategy by Infosys to uplift employees amidst the ongoing industry uncertainties. The variation in salary increases is seen as an effort to recognize individual contributions. The move comes at a time when the IT sector grapples with sluggish global demand for technology services, demonstrating Infosys’ commitment to employee welfare.

This unexpected salary revision, contrary to industry practices, positions Infosys as a frontrunner in addressing employee concerns and fostering a positive work environment. The company’s proactive approach to compensation reviews, delayed in 2023 but well-received by employees, aligns with its commitment to recognizing and rewarding exceptional performance.

In conclusion, Infosys’ decision to announce salary revisions ahead of schedule, with an average hike below 10%, signifies a strategic move to support and motivate employees amidst challenging industry conditions. The unique approach breaks from traditional timelines, emphasizing Infosys’ commitment to fostering a positive work culture.

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