Infosys employees will receive 65% variable pay for the quarter of July – September. According to an internal mail, all eligible employees will receive this during the November payroll cycle.
“The average payout at an organization level is 65% for Q2FY23. Individual payout percentages will differ based on individual performance and contribution for the quarter,” the company said in an email on Wednesday.
The payout will be processed alongside the second biweekly November payroll for employees in the US and Canada. On November 17, direct communication on the variable pay will be delivered to the employees.
The average variable pay paid to employees for the July-September quarter was lower than the 70% provided for the April-June quarter. Infosys had then said that this was due to pressure on operating margins.
Infosys has over 50,000 BPM workers worldwide, with most operating out of India.