Infosys to offer double the salary to employees with digital skills

Following a comprehensive measure from rival IT services firm TCS to improve its pool of digital talent, Infosys has now launched a measure of its own to incentivise its workforce to hone their skills in the digital domain. The incentives come in the form of higher compensation structures.

As the overall level of familiarity with technology increases across India, and the traditional services of IT maintenance and architecture become obsolete, a number of IT services firms in India have been reorienting their operations to better align with more complex industry 4.0 capabilities.

Wipro has been engaged in such efforts in recent times, which have generated their share of results as the firm surprised experts with its high revenue levels at the start of this year. Infosys recently launched a policy that would make the firm’s revenue from digital services an essential metric for evaluation of it top brass.

Now, firms are shifting towards a more bottom-up approach to their realignment. In recent weeks, Tata Consultancy Services (TCS) announced that it would offer double the usual entry-level salary to certain new entrants who demonstrate advanced capabilities in the digital domain.

Now, Infosys has done the same as part of a three-pronged restructuring efforts. The first domain of focus is similar to the scheme released by TCS, wherein new recruits with advanced coding skills will receive an annual compensation package of over Rs. 7 lakh, as opposed to the usual entry-level salary of Rs. 3.5 lakh.

The second area of focus is on a select group of these employees who demonstrate a particular affinity for the business and management consulting aspect of operations. According to the Group Head of Human Resources for Infosys Krish Shankar, 100 people are already engaged in this aspect of the programme.

The third area of focus for Infosys lies within its plans to develop a pool of talent in the domain of technical architecture. To this end, the firm is offering extra incentives to project managers who develop skills as technical architects. “We are asking our employees to make choices in new roles and skill sets,” said Shankar.

Alongside a desire to match broader industry trends, Infosys also hopes to tackle its internal problems with the move, particularly the firm’s high level of attrition, which currently stand at just over 22%. The firm has been taking a number of steps to solve this problem, which includes the promotion of over 10,600 employees in the September quarter this year.