Business

Infosys gives its non-performing techies sufficient time to shape up before being asked to go.Bengaluru: The country's second largest software services company - Infosys - has terminated the services of non-performing employees at multiple levels as part of its involuntary attrition, a company source said on Tuesday."As a high performance organisation, involuntary attrition is integral to normal course of business and this (sacking) should not be interpreted as any mass trimming across any level in particular," said the city-based IT behemoth in an e-mail to IANS.Terming a media report on involuntary attrition speculative with unofficial numbers (data points), the source clarified that the company was not laying off thousands of its employees at multiple levels."The media report is a mere speculation and denationalisation with wrong data points, which the company never shared," the source asserted.Involuntary attrition, a jargon used by the companies for firing or sacking employees for not measuring up to its expectations or high standards of performance, has been taking place at the company over a few quarters."This is not laying off, if you don't perform for two years or two quarters or whatever then you are asked to go, it's a performance related thing," the source pointed out.Infosys rival, Wipro, also based in Bengaluru, regularly discloses its employment metrics the number of software engineers who resign on their own for various reasons and those who quit involuntarily when they are found non-performing."We don't hand over pink slips to our employees.

We can't share the data as they are internal processes.

We don't tell our people you are redundant and hence can leave tomorrow," affirmed the source.Unlike other firms the world over, the $11-billion Infosys gives its non-performing techies sufficient time to shape up before being asked to go.Clarifying that disruptive technologies were not factored in assessing the performance of its geeks, the source said "it is a cool narrative but that is not what it is."The outsourcing firm's consolidated attrition rate on an annualized basis declined marginally to 21.7 per cent for the second quarter (July-September) of this fiscal (2019-20) from 23.4 per cent a quarter ago and 22.2 per cent a year ago.The company sequentially added 7,457 techies in the quarter under review and a whopping 18,747 employees on an yearly basis from the same period a year ago.The company's headcount is 236,486 as against 229,029 a quarter ago and 217,739 a year ago.(Except for the headline, this story has not been edited by TheIndianSubcontinent staff and is published from a syndicated feed.)Get Breaking news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com.

Catch all the Live TV action on TheIndianSubcontinent 24x7 and TheIndianSubcontinent India.

Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.





Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021


Buy Our Merchandise (Peace Series)

 


Contribute US to Start Broadcasting



It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm


STRIPE





20