Infosys confident of taming high attrition rate with skilling, other incentives

Bengaluru: Infosys Ltd, India’s second-largest software exporter by revenue, aims to reduce its high attrition levels with skilling programmes and other compensation-based incentives.

The attrition rate at Infosys was at 23.4% in April-June, up 3% from 20.4% in the previous quarter ended March. This was also much higher than competitor Tata Consultancy Services (TCS) Ltd.’s attrition rate of 11.5% in the quarter ended June.

According to a 29 August report by brokerage firm Sharekhan, the attrition rate at Infosys increased in the quarter ended June despite multiple interventions like variable compensation, higher promotions, overseas posting and retention bonuses, “and is beyond the comfort range for the company”.