Infosys to double the salary of employees; here's how

Infosys, the second largest IT services company in India, was One of the largest recruiters of IT professionals in the country among the leading technology players such as Tata Consultancy Services (TCS), Wipro, HCL Technologies and Mahindra Tech.What appears to be good news for employees of Infosys, the computer giant, headquartered in Bengaluru, plans to modernize its employees to reduce the attrition rate and double their wages.

According to a According to the TOI report, Infosys would double the salaries of employees who successfully complete their new transition programs.The well-architected gateway programs allow employees to develop new skills without According to Infosys, employees who have opted for these skills enhancement programs have seen their salaries increase by 80 to 120 percent, added TOI, adding that nearly 400 people had already been trained in these programs. programs.

a flexible internal market for our talents to develop, instead of leaving, for example, an MBA course. These programs provide people with alternative career opportunities, "said Krish Shankar, head of human resources at Infosys, in a TOI report.

By incorporating such programs, Infosys provides fewer opportunities for employees to leave their jobs In order to better gain exposure to competing companies, which could in turn reduce the attrition rate of junior positions, Infosys has developed approximately six gateway programs, some of which include, gateway consulting, gateway programming to power , gateway design, complete stack development, gateway technology architecture, the TOI report says.

Infosys appears to be one of those organizations that spends the largest portion of its expenses on its employees. According to the 2017 annual report -2018 from Infosys, Infosys had placed 32,472 crores of rupees in staff costs during the year. 39, fiscal 2014, an increase of 4.94% compared to 30,944 crores of rupees during the 2017 fiscal year. With such an initiative to double the salaries of employees by strengthening the skills of their own employees , Infosys' benefits expenditures will now be monitored. For the quarter ended September 30, 2018, Infosys recorded a 10% increase in net income to Rs. 4,110 crores.