Infosys steps up efforts to lower attrition
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 per cent in the next two to three quarters," said UB Pravin Rao, chief operating officer. The 165,000-strong Infosys reported an attrition rate of 20.1 per cent for the second quarter ended September. If the Bangalore-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.
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