📷 Image Credits: The Times of India
Infosys, India’s second-largest IT company, has recently introduced a new transfer policy aimed at encouraging its employees to relocate to its Hubballi development center in Karnataka. The policy, specifically targeting employees at band 2 and above who are currently handling project deliveries from any of the company’s development centers in India, offers substantial financial incentives.
Employees at band 3 and below will receive an initial relocation allowance of Rs 25,000, followed by an additional Rs 25,000 every six months for two years, culminating in a total of Rs 1.25 lakh after 24 months. On the other hand, employees at higher bands (4 through 7) have the potential to earn up to Rs 8 lakh, inclusive of the initial relocation allowance, by the end of the same period.
This strategic move by Infosys aims to attract employees from the Mumbai-Karnataka region to explore opportunities in Hubballi, thus enhancing the company’s presence in the tier-2 city. Furthermore, the policy allows employees to continue working on their current projects from Hubballi, maximizing the utilization of the city’s modern infrastructure and reducing operational costs.
The initiative has garnered praise from various quarters, including MB Patil, Karnataka’s Minister for Commerce & Industries, Infrastructure, who lauded Infosys’ efforts in a tweet. He commended the company for offering incentives to employees transferring to its Hubballi campus, showcasing its commitment to local growth and community development.
This policy shift comes in the wake of discussions earlier this year in the Karnataka assembly regarding the underutilization of Infosys’ Hubballi campus. The company had outlined its strategic plan to establish offices in several tier-2 cities, including Hubballi, Indore, Navi Mumbai, Nagpur, and Coimbatore in 2023, further emphasizing its dedication to expanding its operations across India.
