Infosys has announced 100 per cent variable bonus payout for employees for the December quarter, the management said on Friday.
“We have made 100% variable payout for Q3 and have seen a further decline in attrition as a result of multiple initiatives taken over the last few quarters,” said U. B. Pravin Rao, Infosys chief operating officer
Annualized attrition for the December quarter was high at 20.4 per cent, and nearly unchanged from 20.1 per cent in the September quarter.
However, Infosys chief financial officer Rajiv Bansal said attrition is down 3 per cent on a quarter-on-quarter basis.
“Our initiatives are paying off and we are in the right direction,” Mr Bansal added.
Over the last few quarters, Infosys has taken several steps to control a record-high attrition, which led to nearly one in five employees quitting India’s second largest IT outsourcer last fiscal.
Infosys is now training more employees in areas such as design thinking and artificial intelligence.
“We have covered over 9,000 employees across the company with design thinking training; more than 400 of these are at senior levels,” Vishal Sikka, CEO of Infosys said.
The company has also partnered with Stanford Global School of Business for an executive education program.
“This initiative will include 200 executives, each of whom will participate in a part-time, year-long program over three years,” Dr Sikka said.
Infosys said it had added a total number of 13,154 employees during the December quarter. As of December 31, 2014, Infosys had 169,638 employees on its payroll.
