New Delhi: Infosys India’s third-largest IT services company has started implementing wage hikes on February 24. According to a Moneycontrol report the salary hikes ranged from 5 percent to 8 percent. Additionally exceptional performers received salary hikes of about 10-12 percent. The company has classified performance into four categories: outstanding commendable met expectations and needs improvement. It is important to note that the salary hikes have been rolled out to employees in band JL6 and below and will be effective from April 1. Moneycontrol on February 12 reported that Infosys will issue salary hike letters to its employees by the end of February with the average increase expected to be in the range of 5 percent to 8 percent. On January 16 Infosys a leading services giant announced that it will implement annual salary hikes of 6-8 percent for its employees in India beginning in January 2025. The increments will be introduced in phases with the second phase scheduled to commence in April 2025. Notably top IT companies in India delayed wage hike cycles in Financial Year 2025. However the Tata Consultancy Services (TCS) hiked the wage on time. Salaries are a significant part of the companies wage bills and by delaying it they are trying to defend margins amid uncertainty over discretionary spending and a challenging demand environment. According to sources the company will offer allowances and other benefits for employees in the taxable income bracket to compensate for the lower salary increments. Infosys’ Chief Financial Officer Jayesh Sanghrajka said while addressing the press after declaring the third quarter results ending December 31 2024 (Q3FY25) said Broadly the comp (annual salary increment) that we are expecting is 6-8% in India and the overseas comps will be in line with the earlier comp reviews. Infosys employs over 3.23 lakh professionals and last implemented salary hikes in November 2023. Chief Executive Officer Salil Parekh informed that those who are high performers would receive much higher hikes with most employees to see their salary increases in the fourth quarter he said speaking to analysts after presenting the Q3 results.