Infosys releases salary hike letters; top performers get up to 20% raise

Infosys has sent out salary hikes to its employees based on their performance, reports Economic Times. Most employees received an increase between 5% and 8%, while top performers were rewarded with a higher raise. The salary revision applies to employees at two job levels. Those in Job Level 5, which includes team leaders and lower positions, will receive the pay hike retroactively from January 1, 2024. Meanwhile, employees at Job Level 6, who are managers below the vice president level, will get their revised salaries starting from April 1, 2024.

Different hike percentages for different performance ratings