Infy man­ages to re­duce at­tri­tion rate, adds 7,400

The Times of India (New Delhi edition) - - Times Global - TIMES NEWS NET­WORK

Ben­galuru: In­fosys man­aged to bring down its high em­ployee at­tri­tion level a lit­tle in the Septem­ber quar­ter, and made a net ad­di­tion of 7,400 peo­ple. It hired nearly 800 em­ploy­ees out­side In­dia.

At­tri­tion dropped al­most 2 per­cent­age points to 21.7% in the sec­ond quar­ter from 23.4% in the pre­ced­ing one. “On the tech front, at­tri­tion was 19.4% com­pared to 21.5% in the pre­vi­ous quar­ter. Vol­un­tary at­tri­tion was 18%,” said In­fosys COO U B Pravin Rao.

In­fosys has been bat­tling one of the high­est at­tri­tion num­bers in the in­dus­try in the last few quar­ters. Rao said the com­pany has un­der­taken many in­ter­ven­tions, in­clud­ing mile­stone-based pay­ments for those em­ploy­ees who com­plete two years in the firm. “We are also fo­cus­ing on man­ager en­able­ment by re­ward­ing them and in­vest­ing in train­ing peo­ple. The new em­ployee propo­si­tion is to en­gage in a mean­ing­ful way,” Rao said.

In­fosys launched a se­ries of bridge pro­grammes to help staff to shift from their ex­ist­ing job to one that de­mands higher skills. The com­pany ex­pects this will also re­duce at­tri­tion at ju­nior lev­els and give young em­ploy­ees more ca­reer op­tions. Rev­enue per em­ployee rose to $54,400 in the Septem­ber quar­ter, from $54,100 in the June quar­ter.

The com­pany has also rolled out the sec­ond leg of com­pen­sa­tion in­crease, thereby cov­er­ing the en­tire em­ployee base bar­ring associate VPs, SVPs and EVPs. The firm had 971 such ti­tle hold­ers in the 2018-19 fi­nan­cial year.

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