Band | At time of transfer | At end of 24 months |
Seven | Rs 1.5 lakh | Rs 8 lakh |
Six | Rs 1 lakh | Rs 6 lakh |
Five | Rs 1 lakh | Rs 5 lakh |
Four | Rs 50,000 | Rs 2.5 lakh |
Three & Below | Rs 25,000 | Rs 1.25 lakh |
Source: Infosys mail to employees
Karnataka’s industries and infrastructure minister MB Patil praised Infosys’ incentive policy, which aims to encourage local talent from the Kittur Karnataka region to seek job opportunities closer to their homes.
In a post on social media platform X, Patil said, “This move encourages local talent from the Kittur Karnataka region to explore opportunities closer to home, fostering community ties and local development.”
Patil further commended Infosys for its dedication to building advanced campuses and employing a large number of engineers worldwide, highlighting the company’s leadership and positive influence on regional economies. He emphasized that the initiative not only contributes to local growth but also demonstrates Infosys’ commitment to innovation and employee well-being within the technology sector.
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“Infosys’ commitment to state-of-the-art campuses and employing thousands of engineers globally exemplifies its leadership and positive impact on regional economies. This initiative not only supports local growth but also showcases Infosys’ dedication to innovation and employee welfare in the tech industry,” Patil added.
The announcement comes after a heated discussion in the Karnataka assembly in February regarding the company’s Hubballi campus, which had not yet begun operations.
Arvind Bellad, a BJP MLA representing the Hubli-Dharwad West constituency, raised concerns that despite Infosys acquiring 58 acres of land in his constituency with promises of a world-class campus and employment opportunities, the vast area was being used for plantation purposes.
Bellad expressed his support for Infosys’ incentive policy, stating that it would contribute to the development of the region, generate both direct and indirect employment opportunities, and enable many employees to reunite with their families.
In its annual report released in April 2023, Infosys had announced its plans to establish offices in various Indian cities, including Hubballi, Indore, Navi Mumbai, Nagpur, and Coimbatore, as part of its strategic initiatives for the year.
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