Infosys has kicked off a talent plan that offers incentives and wage hikes to more than 25,000 midlevel executives — slightly more than a tenth of its workforce — who gain skills in newer digital areas, as the software exporter looks to harness their domain expertise in legacy businesses to quicken growth in digital.
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Infosys and other IT services firms have been struggling with flat or declining business in traditional services, which contribute nearly two-thirds to their revenue. The legacy business also has more expensive employees. The software services companies are training these employees in newer digital businesses, which is growing in the higher double digits.
Source: Economic Times
