By Nivedita Bhattacharjee MUMBAI (Reuters) – Infosys Ltd, once a bellwether for Indias $100 billion-plus IT outsourcing industry, is losing its cachet as the employer of choice for a generation of young IT workers, with staff leaving at an unprecedented pace as the Bangalore-based company struggles to regain ground lost to rivals. Current and former Infosys staff interviewed by Reuters say morale has been dented by a series of senior management exits and worries about career prospects as the companys revenue and pay increases grow at a slower rate than at competitors such as Tata Consultancy Services Ltd (TCS). The annualized rate of attrition at Infosys – effectively the number of staff leaving or retiring – was a record 18.7 percent at end-March, 2.4 percentage points higher than a year earlier. The attrition rate at market leader TCS was 11.3 percent.
Leaving the dream: Infosys battles worker exodus
11
May
2014
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