Infosys wage Hike: A new assessment cycle has begun; previous wage increases have not yet been received

 Infosys wage Hike: A new assessment cycle has begun; previous wage increases have not yet been received

Infosys Salary Hike: According to a well-known financial portal, information has surfaced that the most recent raise has not yet been granted. Infosys will begin the new evaluation cycle for the current fiscal year this week.

'Performance Review Cycle October 2023' will begin on September 29 at Infosys, the second-largest IT exporter in the nation. It was said in an email addressed to the company's managers that the self-evaluation process should begin on September 29. By the end of October, supervisors will have been evaluated, and by the first week of December, employees will have received their individual assessments.

data obtained from the Economic Times news

The Economic Times claims to have seen a copy of the email that Infosys sent to its managers. This means that Infosys will begin a new appraisal cycle this week for the current financial year. Four corporate employees, however, informed ET that they are still waiting for their compensation increases from the previous performance cycle.

How long will this self-analysis last?

This self-evaluation will be for the cycle between October 2022 and September 2023, according to the memo that Infosys sent to its employees. Under the condition of anonymity, two corporate employees told ET that while the procedure for a new appraisal cycle is beginning, their salaries were not increased during the prior appraisal cycle (October 2021 to September 2022). I have. In addition, it is unclear if the funds from the impending raise will be included in or excluded from the subsequent increment cycle.

We must soon share information regarding our accomplishments and self-evaluation, according to one of the employees. The assessment procedure was completed and ratings were closed last year as well, but the compensation increase (salary adjustment) has not yet been announced. that typically occurs in June or July.

what Infosys has said

In an email submitted to Infosys, an attempt was made to learn the answer to this question, but the corporation has not responded or provided an answer.