Infosys, a prominent player in the IT sector, has demonstrated its commitment to employee incentives by allocating an impressive 80% average variable pay to its workforce during the first quarter of FY2024. This noteworthy decision comes in the wake of the company’s recent revenue growth guidance cut, attributed to market uncertainties and macroeconomic conditions.
Infosys Allocates 80% Variable Pay Amid Revenue Guidance Cut
Addressing employees in a communication, the management expressed confidence in the company’s solid Q1 performance, considering it a robust foundation for future expansion. The commitment to accelerating the digital journey of business units and meeting client demands remains unwavering. The email indicated that the variable pay distribution will be performance-based for each quarter, with Unit Delivery Managers playing a role in finalizing bonus payments.