INSUBCONTINENT EXCLUSIVE:
Infosys said it had created a special bonus pool of $10 million to be paid out to its over 200,000 employees in addition to their regular
quarterly variable pay, at a time when its attrition is 20 per cent .
The special bonus pool comes at a time when the
Bengaluru-headquartered IT company said it was looking to return upto Rs 13,000 crores to shareholders in FY19.
The company also said it was
highest in the last ten quarters
in a post-results press conference
The company also promoted 2,221 people in the quarter
About 85 per cent of Infosys employees will also receive their increments starting April 2018
The remaining 15 per cent , generally employees with over eight years of experience, will receive their increments effective July 2018.
The
Attrition was 18.7 per cent for the quarter ended December 2017
It was 17.1 per cent for the quarter ended March 2017
The IT company attempted to dampen concerns about rising attrition by saying that
