Infosys promotes 4,000 employees in October

Infosys has promoted another 4,000 employees in October, as the company continues with its efforts to help retain key staff and improve employee morale, bringing the total number of promotions to 19,000 since the start of April this year.

The Bangalore-based software exporter has promoted employees across sales, delivery and business enabling functions, and across geographies, bringing about higher roles to about 12% of the company's over 1,65,000 employees.

"We announced a quarterly promotion system earlier this year. In August 5,000 employees across sales, delivery and business-enabling functions across geographies were promoted.With the promotions we did at the beginning of this month, over 19,000 employees have been promoted since April 2014," said a company spokeswoman. Significantly, this is the fourth round of promotions made by the company, with about 10,000 employees getting better roles in April and June and then in his first week as the new CEO, Vishal Sikka approved 5,000 promotions. This year's once-a-quarter round of promotions also marks a shift from the long-standing practice at Infosys of going for annual promotions.

Until now, Infosys' attempts to engage with employees at different levels, including promotions, offering 100% variable bonus payouts, and crowdsourcing initiative called murmurations have not helped bring down attrition rates — 19.5% at the end of the first quarter — which saw a marginal uptick to over 20% at the end of September quarter.

During the same period, Wipro managed to keep a check on attrition rate holding it to under 17%.

Some experts believe that these measures should start helping the company from the current quarter and the company should be able to arrest the exodus of employees.

http://timesofindia.indiatimes.com/followceleb.cms?alias=Infosys attrition,Infosys,Vishal Sikka,Infosys Employees

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