New Delhi: Infosys is looking at showering employees with incentives including promotions every quarter and a 5-7 per cent salary hike for 2014-15 in a bid to boost morale and check rising attrition.
India’s second-largest software services company, which has trailed peers TCS and Cognizant on growth, is also looking at weeding out non-performers to improve efficiency. “Promotions will be given every quarter,” according to an internal mail to staff.
People following developments at the Bengaluru-based firm said the focus is on retaining quality talent, while letting go of non-performers, something founder and executive chairman N.R. Narayana Murthy has reiterated at various fora. The promotions will be across the board. About 12,500 employees have been promoted since October.
Infosys, as part of its performance improvement programme, allows poor performers to undergo training to get into shape. These employees then undergo a review and those who fail are asked to leave.
