Infosys, India’s second-largest software exporter, rewarded its top employees with significant salary hikes last year. Total compensation, including performance-based stock units for nine leaders, grew nearly 60 per cent on an average at a time when the industry is experiencing the slowest growth in a decade.

The stocks would be vested over four years and is linked to the performance of the individual and the company. Infosys chief executive Vishal Sikka’s total compensation, however, was reduced last financial year as the company achieved lower-than-forecast growth ...