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Infosys links salaries of top six executives with digital revenue growth, says report
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Infosys links salaries of top six executives with digital revenue growth, says report
Jul 24, 2018 4:04 AM

IT giant Infosys has linked incentives of six of its top employees to how much revenue the company generates from digital technologies, reported Mint.

The top six employees are chief operating officer UB Pravin Rao, chief financial officer MD Ranganath, Mohit Joshi, head of banking and financial services, deputy chief operating officer S Ravi Kumar, head of human resources Krishnamurthy Shankar and general counsel Inderpreet Sawhney, the report said.

The move underscores how aggressively chief executive officer Salil Parekh is pursuing growth from newer and more profitable offerings, the report said, adding that this is also the first time that any large IT services company has linked a part of the variable component of salaries of top managers to digital revenue growth.

Starting this financial year, the variable pay of the six Infosys employees will be based on digital revenue growth, in addition to overall revenue and profitability, Infosys said in a filing to the US Securities and Exchange Commission, the daily said.

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