N.R. Narayana Murthy, the founder of India’s top IT company Infosys, made headlines recently for his comments on work environment. He declared that staff members need to put in 70 hours per week. This comment received a lot of backlash on social networking websites.
Infosys continues to provide new employees with a yearly salary of 3.5 lakh rupees
Numerous users have noted that Infosys continues to provide new employees with a yearly salary of 3.5 lakh rupees, a practice that has remained unchanged for a decade. They also mentioned that Narayana Murthy aims to view employees as machines. Now, Infosys has delivered some positive updates to its employees. Indeed, it has disclosed an 85% performance incentive for qualified staff members for the second quarter of the fiscal year 2024-25. The bonus, which depends on each employee’s performance, will be added to the November paycheck.
These staff members are an essential component of Infosys
The main focus of Infosys’s performance bonus is on mid and junior level employees, specifically those in delivery and sales positions. These staff members are an essential component of Infosys’s team, which currently consists of 315,000 individuals. The eligible employees have been notified about the bonus details by the company through email.
In the email, Infosys commended the employees for their dedication and noted that strong growth was achieved in the second quarter. Our position as a market leader has been enhanced. This achievement shows your constant dedication and our emphasis on margin improvement. This also demonstrates our top-tier skills in cloud computing and generative artificial intelligence. The exceptional performance of Infosys in the September quarter resulted in the awarding of this bonus. The company saw a 4.7% year-on-year growth in consolidated net profit, reaching ₹6,506 crore. In the meantime, there was a 5.1% increase in revenue, reaching ₹40,986 crore. These outcomes were a result of robust financial services demand and numerous high-value contracts. Infosys has increased its projected revenue growth for FY25 to a bracket of 3.75% to 4.5%.