Synopsis
Infosys management remained non-committal on salary revision timelines during a recent town hall, citing macroeconomic conditions and client spending. Employees expressed disappointment as the company has not yet decided on wage hikes, with a four-month delay in communication already observed. This comes as Infosys forecasts cautious revenue growth for 2026-27.Listen to this article in summarized format
Chief human resources officer (CHRO) Shaji Mathew said the management had not yet decided on the matter and was closely watching the macro-economic situation, client spends, and sundry uncertainties.
“I just hope it is sooner than later,” Shaji added. Infosys CFO Jayesh Sanghrajka and CTO Rafeek Tarafdar also participated in the town hall.
Sections of employees ET spoke to post the meeting said their hopes had dimmed following these ambiguous responses, as there’s already been a four-month delay in HR’s communication regarding the hikes. Infosys completes employee ratings by December, releases increment letters in January, and the hike, usually, kicks in effective April 1.
This time too, the company released employee ratings in December after completing the appraisal for the period September 2024 to October 2025, according to sources.
The company did not respond to ET’s queries until the time of publishing.
Infosys wins best company title
Meanwhile, this month, Infosys was named the best Indian company to grow one’s career by LinkedIn, with the company ranking above firms like Accenture, IBM and SAP, among others.
Announcing its results this month, Infosys forecast a revenue growth of 1.5%-3.5% in constant currency terms for 2026-27, sounding more cautious than earlier amid the rollout of new AI tools.
In the post-earnings call, Sangrajkha had not shared a timeline or the quantum of salary hikes. “In terms of wage increases, we have not really decided the timing. We consider multiple factors when we decide that — the level of attrition we have, when did we do the last wage hikes, what the market scenario is, what is the inflation, etc.,” he had said.
Its larger rival Tata Consultancy Services and smaller rival Wipro have rolled out increments effective April and March 1, 2026, respectively. The increment percentages were, however, not disclosed.
Last year, the IT major released increment letters in February, with most employees getting a raise between 5% and 8%, according to an ET report.
Earlier in the month, the Bengaluru-headquartered company’s board approved equity-based compensation grants for chief executive officer Salil Parekh and eligible employees under its existing stock incentive plans. The company said it had cleared multiple performance-linked grants for Parekh in the form of Restricted Stock Units (RSUs), with a total value of Rs 51.75 crore across different categories.
The company appraises employees under the broad classifications of “met expectations”, “commendable performance”, and “outstanding performance”. There is also a fourth category (needs improvement) for employees falling short of expectations.
Last year, while employees at JL5 (up to team leads) got the pay revision with retrospective effect from January 1, those at JL6 and above got it effective April 1. The company had frozen salary hikes in FY22 to conserve cash and resumed its annual appraisal cycle starting October 2023.
