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Infosys has introduced a cash reward policy for senior employees conducting lateral hiring interviews, offering 700 points per interview.
This is the first time Infosys has implemented such an incentive-driven initiative.
Infosys, India’s second largest software company, has rolled out a new cash reward policy for senior employees who participate in interviews for lateral hiring, aimed at enhancing employee morale. Under this scheme, employees will earn 700 points (equivalent to Rs 700) for each interview they conduct. They can also claim incentives for interviews conducted over the past five months, as the program is effective from January 1, sources told ET.
This is the first time Infosys has implemented such an incentive-driven initiative, according to ET report. However, the policy is limited to recruitment within India. The ET report states this move acknowledges the significant role employees play in the interview process, especially as the IT sector increasingly focuses on lateral hiring rather than campus recruitment.
At Infosys, experienced tech professionals like track leads, architects, and project managers at job levels 5 and 6 (JL5 & JL6) typically conduct multiple rounds of interviews with candidates shortlisted by the talent acquisition team, before the candidates proceed to the HR round.
Infosys Fires 800 Trainee Employees In 2025 So Far
IT giant Infosys discharged at least 195 trainees from a batch of 680 after they failed to pass internal assessment tests, according a report by MoneyControl citing company emails being reviewed by it.
With the fresh exits, the total number of affected trainees have reached to 800 since February, marking the fourth round of exits. To support those affected, Infosys is providing free upskilling programs through NIIT and UpGrad.
According to MoneyControl report, out of total affected trainees, 250 have enrolled in upskilling programme through Upgrad and NIIT and 150 trainees were registered for outplacement services.
India’s second-largest IT services company laid off approximately 240 employees on April. Previously, the firm had let go of over 300 trainees in February and an additional 30-35 in March.
These layoffs are a response to the company’s need to navigate a challenging demand environment. Infosys has projected a revenue growth of only 0 percent to 3 percent for the current fiscal year, highlighting ongoing uncertainty in its primary markets.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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