Good news for Infosys employees! Staff salaries set to double

The Bengaluru-headquartered IT major, which is one of the biggest recruiters of IT professionals in the country, is doubling the salaries of employees who will successfully complete its new bridge programmes, the Times of India said, adding that the well-architectured bridge programmes will enable employees to develop new skills without leaving the job.

Infosys is anticipating lower possibilities of employees leaving the job to get a better hike in rival firms, which in turn may lessen the attrition rate at junior positions. Image source: Reuters

This is really a good news for the employees of Infosys, India’s second-largest IT services company, which is planning not only to upskill them, but even double their salaries. Reason why the company is doing so is to stop exits from turning into a flood. Ostensibly attrition rate is a concern and the company is moving proactively to stop the trend as soon as possible, much to the joy of the staffers, of course.

The Bengaluru-headquartered IT major, which is one of the biggest recruiters of IT professionals in the country, is doubling the salaries of employees who will successfully complete its new bridge programmes, the Times of India said, adding that the well-architectured bridge programmes will enable employees to develop new skills without leaving the job.

Infosys reportedly stated that the employees who opt for these upskilling programmes have seen their salary rise by 80-120 per cent, adding about 400 people have been trained under these programmes so far.

Krish Shankar, head of human resources at Infosys, told TOI, "We are focused on creating a flexible internal market place for our talent to grow, instead of them leaving to join, say, an MBA course. These programmes provide people with alternative career growth opportunities."

According to the report, Infosys is anticipating lower possibilities of employees leaving the job to get a better hike in rival firms, which in turn may lessen the attrition rate at junior positions.

Infosys has reportedly developed about six bridge programmes, including bridge-to-consulting, bridge-to-power programming, bridge-to-design, bridge-to-full stack-development, bridge-to-tech architecture.

The report citing Infosys Annual Report 2017-2018 stated that the IT major had parked Rs 32,472 crore under employee benefit expenses in FY18, up 4.94 per cent from Rs 30,944 crore in FY17.

Notably, for the quarter ended September 30, 2018, Infosys posted a 10 per cent YoY rise in the net profit to Rs 4,110 crore.

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