Abc Small. “However, if the entire process does not move the needle on driving motivational or organizational performance, it is only rational for organizations to reduce or remove incentives,” he added. Analyst Muthangi believes it is only when the company shows growth that it can really plug attrition. Sandeep Muthangi, analyst with brokerage India Infoline Ltd (IIFL), said the move is “positive”. Stress due to relative ranking in appraisal process. Subscribe our newsletter to stay updated. Share. Last year, the Bangalore-based firm cut the quantum of variable pay across all levels, reducing it from 13% to 5% on 1 July 2013 for entry-level staff. In June, it cut the quantum of variable pay of senior executives from 50% to 35%. India's second largest software services exporter Infosys Ltd has decided to motivate entry level staff by doing away with variable pay. Infosys Surprises 2.4 Lakh Employees With 100% Variable Pay, Bonus For December, Salary Hike From January! “Employees have been critical part of our success. Rao confirmed that Infosys is giving 100% variable pay along with a special incentive for Q2. Hire and retain the best talent with accurate and reliable data Benchmark Your Teams . According to the reports, the key accused among the three was attached to the CPC’s data division and had demanded and collected money through his friends from some major taxpayers with whom he had contact over phone for processing their I-T refund claims at the earliest. In those two years, its revenue growth rate fell from 26% in 2010-12 to a little over 5% in 2012-13, even as its costs linked to doing business at client locations went up from 36% to 46% of total costs. From 1 April, entry-level employees at Infosys, or those with zero to three years’ experience, are being given their performance bonus as part of their total salary. 2. Infosys said it had created a special bonus pool of $10 million to be paid out to its over 200,000 employees in addition to their regular quarterly variable pay, at a time when its attrition is 20 per cent . Xiaomi Mi 10, Mi 10 Pro Launching On March 27: Specs, Price, USP & More, Salary Hike In 2020 Is Worst In 25 Years; These Sectors Gave Highest & Lowest…, Infosys Grabs Its 2nd Billion Dollar Deal Of 2020 Even As 99% Staff Is Working From…, No DA, HRA, Increment For Retired Govt Employees Returning To Work As Consultants, Infosys’ Hybrid Work Model For 2.4 Lakh Employees: Work From Home Or Office At…, Infosys Has Highest H1B Denial Rate At 58%, TCS Has Lowest H1B Denials; US Firms Get…, Monthly Salary Of All Private Sector Employees Will Reduce; PF Kitty Will Become…. Bengaluru: In a surprise to employees, Infosys has given 95% of variable pay in the December quarter, a rare gesture and the highest level of payout in the last nine quarters. Trak.in - Trak.in is a popular Indian Business, Technology, Mobile & Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups & Social Media Space. On Monday, police said that the three techies of software major Infosys were arrested on charge of cheating for unauthorized way of contacting income … The main reason was to ensure a more steady and predictable income stream at lower levels,” said human resources head Srikantan Moorthy on Tuesday. As a recognition of their stellar performance, we are giving 100% variable pay along with a special incentive for Q2. Infosys, one of India's leading software companies, which reported a dismay financial performance, has decided that most of its employees will be getting steep cuts to their variable pay for the March 2012 quarter (Only 70 percent of their variable pay). 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