The country’s second largest IT company Infosys is going to give a generous bonus to its employees. Actually, the company has announced to give up to 80% bonus to its employees.
This decision of the company has come after the results of its first quarter of the financial year 2024-2025. The company’s net profit has grown by 7.1% on an annual basis and its revenue has increased by 3.6%.
With this growth, the company has overtaken its main competitor in terms of earnings in this quarter. Along with this, the company has set a revenue growth target of 3 to 4% during 2024-25 in its guidelines for this year.
Which employees will get the benefit
The company has said that the bonus benefit will be available only to employees up to band-6 (E6) and below. The company has decided to give a bonus of 75% to 84.5% to its E6 employees, 77% to 86% to E5, and 80% to 88% to E4. The company hires new employees in its E0-E2 category while employees of mid-level positions are hired in E3-E6 category.
Also Read: Ayushman Bharat: Union Health Ministry Proposed to double the Insurance Cover to Rs 10 Lakh and up to Rs 15 lakh for Women
On what basis will you get the bonus
The company has said that the bonus given to the employees will be based on their personal performance. The company says that it has taken this decision to boost the morale of its employees so that they work with more enthusiasm. In the last quarter of the last financial year, Infosys had given a bonus of 60% to its employees.
Why is the company giving so much bonus
In an email sent to the employees, the company has said that the credit for the good performance in the first quarter goes to its employees. The email also mentions that due to the hard work of the employees, the company is increasing its capacity.
Related Article:-
Bonus 2024: Chief Minister will transfer the bonus amount to the accounts of these people today
Vehicle Reg. Charges Cut: Government Has reduced Vehicle Registration Charges. Check Here
