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Vishal Sikka: All’s well on people front at Infosys

Vishal Sikka, MD & CEO, Infosys, says the company is on its way to tackle attrition issues

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Sonal Desai
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Vishal Sikka

MUMBAI, INDIA: Minutes after one of the ITeS majors Infosys declared its Q22015 results yesterday, Vishal Sikka, MD & CEO, while addressing the pressing issue of attrition at Infosys, said that “in the course of a career and companies, these things are natural.”

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In a series of senior level exits, the latest to put in the papers is Rajiv Bansal, CFO.

Responding to queries at a press conference, Sikka said, “There is nothing to worry. Rajiv has had a great run of 16 years and it is sad to see him go. After 12 years I was done with SAP. We have a stable top management and the entire team is still intact. We have enough bench strength to manage these changes. Today, the attrition level in the company has come down and there is a tremendous sense of inspiration. Attrition is no longer an issue for us.”

Additionally, the company announced the appointment of former Philips executive Krish Shankar as its global HR head, filling a post that was vacant for the last six months.

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"Shankar will be a key to transforming out people strategy, which will be a key in implementing our overall strategy," Sikka said.

For the quarter ended September 30, Infosys reported an annualized standalone attrition rate of 14.1 percent, down marginally from the June quarter, and down nearly 700 basis points from the year ago period.

However, on the annualized consolidated basis, the company's attrition was 19.9 per cent.

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