Hyderabad: Infosys has said it, witnesses the higher attrition rate among employees with two to four years experience.
Chief Operating Officer of the IT bellwether Pravin Rao said the company has done multiple things with regard to the employee engagement perspective, including compensation the increase of 85 percent of the workforce on time starting April this year.
“As I’ve explained earlier, the attrition (was) primarily with people with two to four-year experience. We’re not seeing any of that same trends at senior level.”
“The attrition is much lower and under control. We did have a couple of exits (at senior level) in the recent past. And as we’ve always maintained it’s sad to see people leave who’ve been with us for a fair amount of time and contributed.
And people do get opportunities, and they want to pursue different things,” Rao said in the recent earnings call with analysts.
Infosys added 17,709 professionals during the first quarter on the gross basis, he said adding at the end of the first quarter it had 209,905 employees.
Executive Vice President and Chief Financial Officer of Infosys Ranganath Mavinakere said the IT firm gave 6 percent to 8 percent pay hike in India and 1 percent to 2 percent onsite.
“And there’s no difference in terms of the impact. As you know for 85 percent of the employees we have rolled out, effective April 1 and for the balance 15 percent, we’ll be rolling out from July,” Mavinakere said replying to a query on the wage hike.
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