Infosys has announced that junior employees will be getting a special pay incentive in the third quarter. The renowned company made this announcement while declaring its quarterly results. “Employees have been critical part of our success. Infosys is also giving 100 percent variable pay, along with a special incentive for the second quarter. The Bangalore-based company has 2,40,208 employees at the end of September 2020. Infosys’ junior employees were also awarded a one-time special incentive over the last three months. Additionally, we are rolling out salary increases and promotions across all levels effective January 1,” Infosys COO Pravin Rao said. Read on to find out all the details about the incentives … The IT services firm made … Will also pay 100% variable pay However, there is a flip side. The Bengaluru-based company has 2,40,208 … Infosys is also giving 100 per cent variable pay, along with a special incentive for the second quarter. Rao confirmed that Infosys is giving 100% variable pay along with a special incentive for Q2. These measures are likely to affect margins. The Bengaluru-based company has 2,40,208 employees at the end of September 2020 quarter. New Delhi: India’s second-largest IT services firm Infosys on Wednesday said it will roll out salary hikes and promotions across all levels effective 1 January. India's pioneer IT services firm, Infosys has announced salary hikes and promotions to employees from January 2021. In its announcement, Infosys stated that they are giving 100 percent variable pay along with a special incentive for Q2. "Recognising the continuing stellar commitment from our employees during these times, we are paying out variable pay for the quarter at 100 per cent. The company has said that it will offer 100% variable pay along with a special incentive scheme for Q2. Infosys is also offering 100% variable pay with special incentives for the second quarter. Infosys, too, has announced that the junior employees at the company will be rewarded with a special payment incentive. Infosys is also giving 100 per cent variable pay, along with a special incentive for the second quarter. In a virtual meeting, the CEO and MD of Infosys, Salil Parekh has confirmed the news. The Bengaluru-based company has 2,40,208 employees at the end of September 2020 quarter. Infosys CEO Salil Parekh said that the company will also pay a special bonus in the quarter to December, while paying 100% variable pay in the previous quarter. Infosys CEO Salil Parekh said that the company will pay a special bonus in the quarter to December, while paying 100% variable pay in the previous quarter. Infosys is also giving 100 per cent variable pay, along with a special incentive for the second quarter. As a recognition of their stellar performance, we are giving 100% variable pay along with a special incentive for Q2. 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