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According to recent reports, Infosys, India’s second largest company, has offered 60% flexible pay to BPM employees. Read the full article to know more about this news.
About flexible payment
For those who don’t know, variable pay is a payment from an employer to an employee for their contribution to the company’s growth and success. So, basically, this payment is given for their performance.
According to emails seen by CNBC-TV18.com, CnB’s Infosys team wrote to employees: “Performance bonus is an integral part of the compensation philosophy at Infosys BPM, and we reward employee’s performance and contribution every quarter with a performance bonus.” He said.
The letter from the Bengaluru-based company said, “Based on the performance of the company in Q2 FY23, the board has approved bonus payments as mentioned below JL 4- 60 percent, JL 5 – 60 percent, JL 6 – 60 percent.”
Overall reports suggest that the variable pay will be much better this year due to a significant increase in revenue and profit compared to the first financial quarter.
About Infosys
For those who don’t know much about the company, the company deals in consulting and digital services. The company’s core mission is to push people’s potential and help them excel at whatever they love. The company wants to create more opportunities for people, communities and companies around the world. The company It came into existence in 1981 and has seen tremendous growth in both revenue and reputation. It is now the second largest organization in India. India has played a major role as a global software services destination. It is also one of the top employers in the country.
Salil Parekh
About Salil Parekh
Salil Parekh is the backbone of Infosys. He is the CEO of the company. Basically, it develops strategies for the company to grow and surpass other businesses. It was his able leadership that made Infosys successful. The company takes care of the employees so that they can achieve everything that they have planned to achieve. Salil Parekh is a skilled and experienced individual. His experience has greatly contributed to the growth of the company. He worked at Ernst & Young, one of the ‘Big 5’ firms. He did his education at Cornell University.
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