Amidst a host of employee-engagement programmes, Infosys is now gearing to battle attrition by taking on 35,000 fresh engineering graduates, globally, for FY22.
To tackle the surging demand for digital talent and the rising attrition, the Company needs to expand its team.
The global workforce strength of the Indian IT multinational was 2.67 lakh at the end of the June quarter, higher than the 2.59 lakh of the previous quarter.
The voluntary attrition went up to 13.9 per cent in the June quarter, while it was 10.9 per cent in the previous quarter. However, the attrition is lower than what it was in June of the previous financial year.
With the help of various engagement programme and career acceleration initiatives, along with learning and development opportunities and compensation reviews, the IT major has been trying to retain talent.
The Company has posted a 22.7 per cent hike in quarterly profit, with consolidated net profit going up to Rs 5,195 crore at the end of the June quarter, as compared to the previous year. Operations revenue went up 17.9 per cent, to Rs 27,896 crore.
Like most other IT services firms, Infosys has also gained from the global rush for digitisation. The pandemic forced organisations across the globe to invest more on cloud-computing, digital payment infrastructure, crypto platforms and cyber-security, all of which raised the demand for IT services. As a result, tech companies are raking profits worldwide.
