Infosys will not end work from home; “current approach works”, says CEO
Pressed for talent and facing attrition, most IT companies have adopted a hybrid system which allows employees to work from office premises for a fixed number of days in a week and to work from home on other days. Infosys has gone a step ahead in allowing employees to work from home with no mandated fixed number of days in office, stating that the current system was working well for India’s second-largest IT services company.
Infosys CEO Salil Parekh said the company will continue with its flexible approach with respect to employees working from home.
“In our India offices, we have about 45,000 employees in the office at any given time, and this is huge given where we were a few months ago. We are finding that the approach taken so far has been well received,” he said, adding that this number was gradually increasing,” Parekh said.
“My sense is over time, we will make all the support necessary to employees so that more and more employees can return to office. There are of course several client situations which require specific action. Those will be followed as per clients’ requirements but wherever we are able to provide some flexibility, we will continue to provide flexibility,” he said.
The flexible approach is showing in the company’s attrition figures, which reduced to 27.1% during the recently-concluded July-September quarter. Parekh said Infosys has seen a consistent reduction in attrition in the last 3 quarters and expect the downward trajectory to continue going ahead.
Infosys hired 40,000 freshers in the first six months of the current financial year with intentions to onboard 50,000 more employees during the fiscal.
“There’s no delay and we’ve opened up the campus so it’s a big attraction for our talent to go for physical training,” said Nilanjan Roy, chief financial officer, Infosys. This was helping them to absorb freshers onto projects faster, he said.
Speaking on moonlighting, Parekh said Infosys does not support dual employment but added that the company’s internal platform Accelerate, which allows employees to take up internal gig projects, received 4000 applications during the quarter.
