On a day when Infosys reported 4.95 per cent rise in net profit at Rs 3,606 crore for the quarter ended September 30, 2016, against Rs 3,436 crore in the sequential quarter ended June 30, 2016, company’s CEO Vishal Sikka has said “attrition” has nothing to do with the remuneration packages. In a candid chat to ET Now, he said “overall attrition continue to come down and it is in single digits now.” Notably, Infosys witnessed a consolidated annualised attrition rate of 20 per cent. On a standalone basis attrition rate stood at 15.7 per cent. Gross employee addition during the quarter stood at 12,717, while 9,938 employees left the company. Thus, the net employee addition stood at 2,779. He also stressed that attrition not a function of the cultural shift at Infosys.
Speaking on his personal proximity with Narayana Murthy, Sikka said, “There is no friction with any of the founders, especially Narayana Murthy”. He also said, “We may be from different generations, but the culture at Infosys remains the same. Keep taking advice from Narayana Murthy”.
Sikka, who had described GST rollout “a hell of a challenge”, said that there is a need to use the latest technology to make GST happen within the deadline.