Infosys will grant qualifying employees an 85% performance bonus for the second quarter of fiscal year 2025
Infosys will grant qualifying employees an 85% performance bonus for the second quarter of fiscal year 2025
Infosys will grant qualifying employees an 85% performance bonus for the second quarter of fiscal year 2025.
Narayana Murthy’s Infosys disclosed that this bonus, applicable to the quarter that concluded in September will be distributed with November salaries. The amount will differ according to each employee’s performance and contributions throughout the quarter.
The performance bonus is mainly aimed at mid- and junior-level staff, especially those working in delivery and sales positions. This group constitutes a large segment of Infosys’ workforce, which is currently at 315,000 employees. The company has already sent out the bonus information through email to those who qualify.
Several employees in Band 3 informed FE that some received variable pay as high as 100% based on their performance.
“In line with our organizational goals of building a high-performance work culture, we have continued to drive performance differentiation while closing bonus payouts. In Q2, we delivered a strong performance with broad growth, reinforcing our market leadership. This success is a testament to your unwavering dedication, our strategic focus on margin performance, and our industry-leading expertise in Cloud and Generative AI. Your commitment has been instrumental in building our capabilities and delivering exceptional value to our clients. Thank you for your invaluable contributions, we look forward to a future with endless possibilities with you,” says the email.
Infosys distinguishes itself from competitors like TCS by maintaining a bonus policy that is not tied to office attendance. While TCS has been known to connect bonuses to in-office presence, Infosys operates under a hybrid work model that requires employees to be in the office for a minimum of 10 days each month, yet their bonus payouts are unaffected by this requirement.
The Q2 bonus of 85% represents an enhancement compared to the 80% average payout from the last quarter and shows a substantial rise from the 60% bonus awarded in Q4FY24.
The company has revealed plans to implement salary increases for all employees by April 2025, following some challenges in this area over the past few years.
Infosys delivered impressive results at the conclusion of Q2, showcasing a 4.7% year-on-year rise in net profit, which reached Rs. 6,506 crore. Additionally, revenue saw a growth of approximately 5.1%, totaling Rs. 40,986 crore. The growth forecast for FY25 has been revised upward to a range of 3.75% to 4.5%.
