Infosys has something huge in store for its staff

Indian IT giant Infosys recently granted stock units to its employees after a long gap of 13 years, saying that it will give these units every year for the next 4-5 years, making its employees feel attached with the growth of the company.

The first grant involves 250 to 500 stock units, which have been given to 7,800 managers, consultants and technical leads belonging to the middle level, about 25% of the employees in those categories.

Also read: Shocking Q1 performance a result of execution failure, says Infosys CEO Vishal Sikka

The employees would be allowed to sell their stocks, which are being given at par value (Rs 5). The value of the total shares being granted to each employee varies between Rs 2.68 lakh (250 shares) and Rs 5.36 lakh (500 shares) as per the Thursday share price of Rs 1,077.

Also read: Disappointed Vishal Sikka re-jigs top order after dismal Q1; another key executive quits

"We need employees to be a part of the growth journey of the company. It's not a one off grant. We want to do it every year and at this point, we are looking at giving units to employees over the next 4-5 years. Most equity plans work on a continuous basis and that's when it kicks in huge benefits for the employees," Infosys group HR Krishnamurthy Shankar head told TOI.

Also read: ​Here’s the letter Vishal Sikka wrote to Infosys employees after disappointing Q1 performance

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