GeneralHr News

Infosys Is Now Using An Algorithm To Identify Employees Who Might Quit: Report

Source | The Huffington Post

Among a slew of measures to stop people from quitting, technology services company Infosys is now using an algorithm to identify employees who may be likely to quit, according to an Economic Times report.

The company has developed a software program that can help the company control its attrition rate, the rate of people leaving, Infosys EVP Krishnamurthy Shankar, told ET.

“We’ve developed a predictive analytics tool or rather an algorithm which identifies who are the people who are at risk of leaving,” said Shankar.

Infosys has been trying to stem its high attrition rate, which stood at about 21 per cent for the April to June quarter. The company has also seen a string of senior departures in recent months. Last month, Samson David, Infosys’ head of cloud, infrastructure and security business, and head of its artificial intelligence platform Mana, resigned to join Hewlett Packard.

Last month, the company said it would bring back employee stock options, which can turn into ownership shares in the company.

The company has also introduced new leadership programmes to groom potential leaders, said Shankar.

This year, Infosys has also given wage hikes of about 6-12 per cent to its employees in India and about two per cent to onsite workers, apart from offering equity as an incentive to top performers.

Infosys is in the middle of a major turnaround strategy under its chief executive Vishal Sikka.

Read On….

Show More

Related Articles

One Comment

  1. hi!,I like your writing very a whole lot! proportion we keep in touch more approximately
    your article on AOL? I require a professional within this area to solve my problem.
    Might be that’s you! Going for a look ahead to view you.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button