BANGALORE, INDIA: Indian IT giant Infosys Technologies, which announced a disappointing financial result today is also bit upset as the attrition rate in the organization has shot up to a whopping 16 per cent during the April-June quarter of this financial year.

While the gross addition during the first quarter of the current financial year was 8,859 people, the net addition was just 1,026 only, as 7,833 employees quit the organization due to various reasons. Of this 5411 are from Infosys Technologies, while the rest are from Infosys  BPO. The attrition in infosys BPO was around 35 per cent.

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This means the software major's attrition increased to 15.8 per cent from 11.1 percent a year ago and sequentially from 13.4 percent a quarter ago.

As on June 30, Infosys and its subsidiaries had 114,822 employees as against 103,905 a year ago and 113,796 at the end previous quarter (Jan-March).

"With the market opening up, attrition has increased this quarter. We have taken several steps, including a compensation hike to reduce it," Board Member T.V. Mohandas Pai said in a statement here.

Of the total, software professionals are 108,495 compared to 96,334 a year ago and 106,864 a quarter ago.

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Gross addition was 9,313 in the previous quarter and 3,538 a year ago, while net addition was 3,914 and minus 945 a year ago.

"One of the steps we are taking to reduce attrition is to enhance lateral hiring," Pai added. He also said Infosys has taken several steps, including a compensation hike, to reduce attrition rate.

The company currently has 2,942 lateral employees as against 2,041 a quarter ago and 390 a year ago.

(With inputs from IANS)