Infosys readying Diwali gift for its employees and it's special this time!
Advertisement
Advertisement
The company also plans to hire about 20,000 engineering graduates from campuses in the next financial year, a number roughly similar to the campus offers that were made this year, as per a top company executive.
"What we are trying to experiment with is — we have a regular compensation structure which is base plus bonus. And bonus component depends on how the company and individual has performed. So, that structure will continue — in addition, every quarter based on what we think is imperative, we're experimenting (with something new) and this changes every quarter. So suppose, this quarter there is an important metric, we are announcing a (separate) incentive," said
Rao also said that this special incentive structure has been put in place so that the company can meet its short-term quarterly targets in an even effective manner. For example, in this quarter, Infosys is incentivising its sales organisation on how well they manage to sell the company's newly-launched Aikido line of services.
"We're saying, if you meet X million of revenue, then we'll clear this kitty and over and above the net, we'll give them this much. So those are incremental bonuses or incentive schemes that we've come up with, just to make sure that there is more alignment to some of the short-term things we're trying to do, in addition to regular bonuses which is based on overall performance," Rao told ET.
Advertisement
"This half, the focus is more on selling our new Aikido services. So, we're trying to incentivise people on that. So whoever does X million of revenue, over the next 6 months, there is a separate kitty that is given out to them," he added.
In other news, Infosys is in early internal discussions so that it can potentially revamp its current startup incubator program and launch an accelerator-like program within the company. This program would be exclusively for startups, as confirmed by two people with direct knowledge of the matter, on conditions of anonymity.
Rao, however, insisted that these talks were at a "very early stage" and the company is yet to take a final call on the shape and form that it will finally resume.
Image source
Advertisement
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Markets rebound in early trade amid global rally, buying in ICICI Bank and Reliance
- Women in Leadership
- Rupee declines 5 paise to 83.43 against US dollar in early trade
- Election Commission issues notification for sixth phase of Lok Sabha polls
- 6 Coffee recipes you should try this summer
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market