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CM Infosys

Infosys provides competitive compensation and benefits to its employees. Salaries range from approximately Rs. 3.22 lakhs to Rs. 27 lakhs depending on the role and experience. In addition to salaries, Infosys offers performance-based bonuses, retirement plans, health insurance, life insurance and disability coverage. Recently, Infosys revised its compensation structure for senior leadership to reduce cash compensation and increase performance-based stock incentives vested over 4 years to better align pay with company performance.

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Daksh Aneja
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210 views18 pages

CM Infosys

Infosys provides competitive compensation and benefits to its employees. Salaries range from approximately Rs. 3.22 lakhs to Rs. 27 lakhs depending on the role and experience. In addition to salaries, Infosys offers performance-based bonuses, retirement plans, health insurance, life insurance and disability coverage. Recently, Infosys revised its compensation structure for senior leadership to reduce cash compensation and increase performance-based stock incentives vested over 4 years to better align pay with company performance.

Uploaded by

Daksh Aneja
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Compensation and

Benefits
GROUP 10
Background
Financial Stats Corporate governance Employees

Philosophy – ensuring 1,80,457 as of March


fairness for every 31st, 2019
Revenue – 82,675 crores
stakeholder. Ordered a
Net profit – 15,410 crores
rating of CGR 1 by ICRA.
About

Indian MNC
Infosys Innovation Locations
providing
Fund
business
Present in 191 locations
consulting, IT and Supporting innovation in over 46 countries.
outsourcing and purposeful solutions
services. relevant to the strategic
Headquarters - priorities of their clients.
Bangalore
Your Picture Here Values that
guide Infosys
Their values are encapsulated
in the acronym C-Life and are
the backbone of everything
they do.

They are also guided by the


value of trusteeship – an
obligation to pass on a better,
stronger Infosys than the one
they received.
SALARY SLIP OF A SYSTEMS ENGINEER
Organizational Strategy

Customer
Intimacy
Customised
software/
solutions/
services

Product
Leadership
HR Practices
•Preserve the attributes of a small company and worked in small groups
•Decision-making remaining with those who were knowledgeable about
Culture particular processes
•Managers played the role of mentors and used their experience to guide their
team members

Recruitment & • Focus on recruiting candidates who display a high degree of 'learnability.'
Selection • Significant importance on professional competence and academic excellence
• Other qualities- analytical ability, teamwork and leadership potential, communication
and innovation skills, along with a practical and structured approach to problem
solving

Infosys
•  Set up in 2001 to nurture future leaders in the company and to effectively manage the
Leadership
exceptional growth
Institute

Training • Training new recruits- trained at the Global Education Center (GEC) in Mysore,
• Training Program for Employees- competency system in place which took into account individual performance,
organizational priorities, and feedback from the clients

Performance • Evaluation of personal skills for the tasks assigned to an employee during the period of appraisal
• Criteria like timeliness, quality of work carried out by the employee, customer satisfaction, peer satisfaction, and
Appraisal business potential, were considered
• Learning and analytical ability, communication skills, decision making, change management, and planning and
organizing skills
HR Policies
• Communication policy
Employee
• Problem resolution policy
Relations • Personal appearance policy
• Conflicts of interest policy

Recruitment &
Selection •Employment policy •Probation policy
•Recruitment policy •Equal employment opportunity
• Sexual harassment policy policy

Compensation &  Leave policy • Bereavement leave policy • Adoption policy • Paternity leave policy
Benefits • Maternity leave policy • Loan policy • Working time policy • Vacation policy
• Holiday policy • Sick leave policy • Overtime policy
• Higher Education Support (HES) Policy

Health & • Smoking policy • Email policy


Safety • Visitor policy • Internet use policy
• Corporate security policy • Cell phone policy
• Discipline policy • Grievance policy
Sizing of the Job

Cluster approach
• 8 Levels
• Cluster approach is
followed to size the job,
based upon the Job
evaluation
Salary Pay Scales of Employees
Salary Pay Scales of Employees
(contd.)
Comparator Basket
TCS Wipro HCL Accenture

446,675 171,425 149,000 505,000


employees employees employees employees

Profits ₹31,472 crore ₹9,017 crores ₹8,185 crores ₹36,054 crores


Low wage costs in
Largest IT company emerging Diversity – 42%
in India economies Talent localization global women
workforce
TATA group – Wipro brand Privacy and data
Symbol of trust and serving Indian In Fortune’s top 100
protection
success customers for over companies to work
framework
70 years for – Brand image
Best employee
retention and low Ensuring cyber Motto of putting
attrition resilience and cyber ‘Employees First’ Global delivery
assurance capability
Cognizant

289,900 Capgemini
employees
₹13,655 crores

225,000 Tech
employees Mahindra
₹6,900 crores

131,522
employees

₹4,380 crores
Comparative pay scales
Companies Average low Average high Highest Designation

Infosys ₹ 3,22,674 1,432,997  ₹ 27,41,566 Service Delivery Manager

Wipro ₹ 1,94,852 14,50,436  ₹ 18,57,217 Service Delivery Manager

TCS ₹ 2,71,353 ₹ 12,50,526 ₹ 23,87,938 AGM

HCL ₹ 2,55,540 ₹ 15,25,813 ₹ 25,53,380 IT director

Tech Mahindra ₹ 2,44,958 ₹ 15,51,475 ₹ 27,42,925 Principal architect

Cognizant ₹ 3,09,334 ₹ 15,64,853 ₹ 30,72,556 IT director

Accenture ₹ 2,79,879 ₹ 15,57,996 ₹ 24,32,096 Senior Project Manager, IT

Capgemini ₹ 2,79,153 ₹ 15,70,042 ₹ 26,39,945 IT director


Health & Insurance Benefits
• At Infosys Limited, they provide a few retirement and welfare benefits to promote
employee well-being. In this system, employers are provided with tax deductions for
their contributions and employees are provided with the plans tax-free.
• Infosys Limited provides health, dental, and vision coverage.
• Infosys Limited also provides group life insurance, long-term disability insurance,
death benefits, which cover certain causes of death, and short-term disability
insurance for accidents or illness.
• Infosys provides retirement plans help to ensure a steady stream of income later in
life.
• Infosys Limited offers defined contribution pension plans.
NEW PAY PRACTICES
Infosys has the responsibility to attract and retain top quality talent to be effective in
the transformation journey that the company has embarked upon. In this context,
the company undertook a comprehensive survey of best practices and
benchmarked senior management compensation with key Indian and global
companies. The compensation structure revised thereafter reduces the proportion
of cash component in the total compensation and has introduced higher stock
incentives (to be vested over a 4-year period); it was rolled out for the entire senior
leadership including Mr. Pravin Rao, Chief Operating Officer. 

 The cash component of his compensation has decreased from Rs. 5.2 crores
(including annual cash bonus) to Rs. 4.6 crores, a decrease of 10.6%
 The performance based component of the compensation (directly linked to
company and individual performance) has been increased from 45% to 63% of
total compensation.
 Given the 4 year vesting period of stock, the net increase in Mr. Pravin Rao’s
compensation for FY 18 will be 1.4%. This could go up to 33.4% in year 4,
assuming similar grants are made in subsequent years based on Company and
individual performance
Components of total rewards at target for Executives
THANK YOU

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