Indian Multinational Company: Infosys the Third Largest Indian Multi National Company

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Introduction Infosys is the third largest Indian Multi National Company that provides Information Technology, Business Consulting, Software engineering and Outsourcing services. Infosys was founded in 1981 by Seven Software engineers with a capital of Rs.10000, turned to be the most reputed company with 160405 employees, earning billions of income, assets and equity in the three decades of glory. Though the success continues, Infosys suffers the lack of Employee Retention and so the high employee turnover ever of 18.7%. Infosys is undoubtedly one of the most respected IT companies in India has been showing remarkable results on revenue and income every year. No Indian IT company has a better “Job security” proven than Infosys.…show more content…
Introduction Infosys is the third largest Indian Multi National Company that provides Information Technology, Business Consulting, Software engineering and Outsourcing services. Infosys was founded in 1981 by Seven Software engineers with a capital of Rs.10000, turned to be the most reputed company with 160405 employees, earning billions of income, assets and equity in the three decades of glory. Though the success continues, Infosys suffers the lack of Employee Retention and so the high employee turnover ever of 18.7%. Infosys is undoubtedly one of the most respected IT companies in India has been showing remarkable results on revenue and income every year. No Indian IT company has a better “Job security” proven than Infosys. Struggling to retain top “Senior Leaders” and talent at “Mid and junior levels” Senior executive leaders, who held the rank of AVP or higher left the firm in high number (At least 50.) (International Business Times, 2014) With 1823 people left the firm in the October-December quarter, and the same trend lead to the attrition rate of 18% - the highest for the company. (NDTV, 2014) Infosys focus to hire from campus – Does it really work? Infosys announced to hire 22000 college graduates through campus hiring in the current fiscal year and the rate of fresher hiring is higher than the last year. The repeated mistake that Infosys follows is to hire students more in number every year in order to balance the attrition. As a student, with no matter of

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