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Infosys: Jobs are going away. Till now the faces of those getting five digit salary are changing now. From Google to Microsoft, huge cuts are taking place. What does an employee want from an organization in such times? Or what does the organization give back? For this, if you do a job and get salary on the first date of every month, then answers like Chalu Babu are enough. But in the current situation, apart from such answers, what if there is news that an IT company has increased the salary hugely? How would you feel if you came to know that 64 crores have been given in one go? Right now Infosys employees are experiencing this. floating in the clouds.
loudly announced
The IT industry is currently facing serious ups and downs. It is difficult to know what the situation will be like tomorrow. In this sequence, many companies are cutting costs. Pink slips are issued to the employees. But in contrast to all this, Infosys IT Company has announced to give Rs 64 crore as tribute to its employees. For this amount, 5,11,862 shares were allotted. The details to this extent were notified by the Indian Stock Exchange on May 12. Infosys issued 5,11,862 shares worth about Rs 64 crore. Infosys Company has made Market Circle aware of their complete information. 1,04,335 equity shares allotted under Stock Incentive Compensation Plan 2015 and 4,07,527 equity shares allotted under Infosys Expanded Stock Ownership Program 2019. The increased share capital of the company after this allotment is Rs. 2,074.9 crores.
So that there is no shortage of staff.
Presently the IT industry is facing ups and downs. But industry sources say it is only for a short while. At such a time, Infosys took a revolutionary decision thinking that if the employees were fired horizontally, there would be trouble tomorrow. To instill confidence in them, Infosys has implemented the Expanded Stock Ownership Program. Through this, company sources believe that by promoting key talent among employees, protecting them till the end as well as attracting employees, expanding employee ownership in the company, future goals can be easily achieved. Could Sources in Infosys have announced that the scheme will be applicable to all the employees working in the company and not to a few. The Restricted Stock Unit vesting period under this plan is a minimum of one year and a maximum of three years from the date of award. The company has announced that the restricted stock units granted under the relevant award agreement will be forfeited if the vesting criteria are not satisfied upon dismissal or resignation of the employee. With this decision of Infosys, happiness is being expressed among the employees of the company.
