ESOP Programmes Go To a Lower Level At Infosys
Amidst the news of companies coming up with initiative to help and support their employees in such touch time, the IT giant Infosys too isn’t far behind. Infosys is in the middle of a second appraisal cycle for the calendar year, and is also expanding its Employee stock option (ESOP) programme to include more employees, according to a report in Economic Times.
The lowering the ESOP programmes above the entry-level is indeed a huge success for the company, the report quoted Infosys CEO Salil Parekh as saying.
Parekh claims to be the ‘fairy-godmother’ for his employees, by making the ESOP available to the level where an entry level employee too can afford, supporting employees in whichever way possible.
The purpose of the programme to expand employee ownership of stock options was to incentivise and attract key talent.
Infosys has also set up digital skill tags which aims to give bonuses apart from rewarding people through the ESOP plans across multiple levels.
The tech giant is also known to have completed it previous year's pending increment cycle and is currently set out toward a subsequent presentation audit cycle. The current survey cycle will be founded on representative execution from a year ago and will be powerful July 2021. Following a similar path as of other IT giants, Infosys too had delayed augmentations a year ago inferable from vulnerability around Covid-19-instigated lockdown and business disturbance
