There will be pay increases soon! A report claims that Infosys employees may receive pay increases starting in February.

According to a source, employees at the IT behemoth Infosys may receive letters about pay increases starting in February 2025.

According to a story by The Economic Times quoting sources, workers at the massive IT company Infosys would receive letters about their pay increases in February 2025. The rises for the period of September 2022 to October 2023 were also mentioned.

According to the article, which cited employees who heard the update from a senior executive during the town hall, all staff at job level five and below are expected to receive raises starting in February, with effect from January 1, 2025. This will be a lovely start to the new year. These consist of system engineers, software engineers, consultants, and senior engineers.

It further stated that Infosys did not answer the questions posed in the paper. Livemint was unable to confirm the news on its own.

Senior Staff Will Receive Pay Increases in March
Additionally, it stated that workers at job levels six and higher will receive their letters in March, with effect from April. It further stated that these comprise, among others, managers, senior managers, delivery managers, and senior delivery managers.

Notably, CFO Jayesh Sanghrajka stated on an October results call that salary increases could be anticipated in two stages, in January and April. According to the study, employees received rating letters in December.

Employees at Infosys typically receive their yearly raises in June, with effect from July. However, in 2024, that was put on hold.

Keeping an eye on stocks
At ₹1,965.20, Infosys is down -0.08% from its most recent closing price. The price range for Infosys has been between 1,982.55 and 1,948.75. Infosys has contributed 1.45% over the past five days and 4.63% this year.

In its most recent quarter, the company reported a net profit of 6,506.00 crores.

In accordance with a dismal trend in the local stock market, the total market capitalization of five of the top ten most valuable firms dropped by ₹1,85,952.31 crore last week, with HDFC Bank suffering the biggest decrease. Infosys, on the other hand, was one of the five companies that saw its valuation increase from ₹11,792.44 crore to ₹8,16,626.78 crore.