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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…

Each attrition follows with huge campus hiring and the cycle continues rather checking for the real organizational issue that are leading to attrition. Employee’s Voice – The unheard voice It is the dream of almost 85% of Indian engineers to work with Infosys, a place that provides the brand name and also the luxury facilities like saloon, spa, swimming pool, shopping area, gym, multiplex theatre and many indoor games at work place. A new employee will be too excited to enjoy the whole sophisticated life until he/she realizes that the actual need is still empty. When the dream comes to reality, the employee looks out for the basic needs and trashes the whole luxury facilities. Many ” Infoscians” (Infosys employee) are happy with the work culture and core values in the organization but the attrition continues. Every annual survey fails to restructure the same problem that is being raised by the employee in consecutive years, which was not heard by the managers and top leaders as they continue with their old fashioned management mantras. And it is the actual reason of junior-mid level exits – The compensation plan, the Basic pay. (Picture sourced from Missing MurthyGoutam Das and Chaitanya Kalbag, 2013) Salary plays a key role Salary plays a key role in the employee commitment.

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