Infosys to restructure wages in June

Move aims at reducing variable component in employees' compensation

Infosys Ltd will introduce a revised wage structure for all its employees in India on Saturday, with an aim of reducing the variable component in compensation. “Our employees have given consistent feedback about reducing this. In response to this feedback, we have enhanced the guaranteed part of their compensation, reduced the variability and simplified the overall compensation structure,” a company spokesperson said in an email statement.

Annual wage rise
It, however, is yet to decide on the annual wage rise. Last month, Managing Director

S D Shibulal had indicated the company was looking at ways to introduce a new compensation stru cture, to help address the uncertainties on variable salaries.

“We have always been extremely innovative in compensation. Last year, though the environment was tough, we had given a compensation increase. One of the things we are looking at for a while is to restructure the salary so that we balance the variable and the fixed salary,” Shibulal had said.