Infosys expects to lower staff attrition sharply as early as June next year, thanks largely to measures taken to engage with employees by new boss Vishal Sikka.
Keeping employees from leaving is regarded as being integral to the company’s plans to improve its performance, which is seen lagging behind the industry average.
“In my sense, it should come down to 13-15% in the next two to three quarters,” said UB Pravin Rao, chief operating officer. The 1,65,000-strong Infosys reported an attrition rate of 20.1% for the second quarter ended September. If the Bangaluru-based company is able to rein in the rate at which employees are leaving, it could mark a start in the company’s broader ambitions to win back its IT sector bellwether tag, experts said. “The confidence comes from what we are seeing on the ground when we connect with the employees.”
When Vishal connects with the employees, we get to gauge the enthusiasm on the ground,” Rao told ET in an interview. Since taking over as CEO on August 1, Sikka has put in place measures such as crowdsourcing initiative murmurations and a 100 per cent variable bonus to all employees in the June-September period. The country’s second largest software exporter has also done away with the long-standing practice of giving promotions just once a year to every quarter