Courtesy-The Economic Times
As the company looks to contain attrition and retain talent, second in the calendar year, Salary hikes are set to be rolled out by enforces effective from July 2021. A compensation increase effective from January 2021 was rolled out by the IT major. Demand is picking up and companies are hiring in large numbers with the opening of the market, as said by COO Pravin Rao at Infosys’ 40th annual general meeting.
According to Rao, as compared to the FY20, this has led to higher attrition in FY21 and to retain talent, the company is increasing its efforts. By providing opportunities to facilitate continuous learning and career advancements, Infosys engaged with employees over the last year and hopes to contain the attrition to a manageable level, he added.
Since the Biden administration has taken over, there have been reviews on the immigration policies of the Trump administration, as mentioned by Rao to investor’s queries regarding H-1B visa issues. In Q4 FY21, the approval rates have improved, he added.
By recruiting 19,230 graduates in India and 1,941 from outside the country to serve client’s burgeoning demand for digital acceleration, the company has continued to strengthen its talent pool, as mentioned by Infosys Chairman Nandan Nilekani.
Infosys is also committed to double its Canadian workforce to 4,000 employees by 2023 as part of its continued expansion into Canada along with creating 1,000 digital jobs to fuel post-pandemic growth in the United Kingdoms, Nilekani added. He also stated that with 66 per cent being net new, its largest transformation deals peaked at an all-time high of $14.1 billion.