{"id":127955,"date":"2022-04-21T18:04:11","date_gmt":"2022-04-21T12:34:11","guid":{"rendered":"https:\/\/digpu.com\/?p=127955"},"modified":"2022-04-21T18:04:15","modified_gmt":"2022-04-21T12:34:15","slug":"infosys-clause-talent","status":"publish","type":"post","link":"https:\/\/digpu.com\/business-and-finance\/infosys-clause-talent","title":{"rendered":"Will Infosys clause to retain talent backfire?"},"content":{"rendered":"\n
Technology jobs have turned critical over the past years and when companies face attrition issues, it becomes a major problem. The software and BPO sector in India has been witnessing a surge in attrition, with IT companies finding it hard to keep their talent close to themselves. And, in that context, IT firms are looking at unconventional measures to retain talent.<\/p>\n\n\n\n
It is here that the Infosys dilemma sets in. The attrition rates have been burgeoning and the IT major has been forced to put forward a clause for its employees to the effect that its employees cannot work for the competitor companies for six months after leaving the company!<\/p>\n\n\n\n
As if that wasn\u2019t enough, the company has also restricted employees from joining the workforce of the clients they had worked for in the last 12 months before quitting. The clause reportedly includes these companies in Infosys\u2019 competitor list, and they are Accenture, Tata Consultancy Services (TCS), IBM, Cognizant, and Wipro.<\/p>\n\n\n\n
These have been revealed by a letter shot off to Bhupender Yadav, Minister of Labour and Employment. A workers\u2019 union of the IT and BPO sector employees has found the new clause brought into effect by the Infosys management extremely irksome. The union has written to the Ministry of Labour & Employment and the Ministry of Corporate Affairs, seeking intervention in the matter.<\/p>\n\n\n\n
However, Infosys has maintained that the non-compete clause is a \u201cstandard business practice\u201d in employment contracts. The Infosys has clearly come about after the company has been witnessing the attrition of talent. It needs to be noted that Infosys had reported an annualised voluntary attrition rate of 27.7 per cent during January-March period, compared to 10.9 per cent in January-March 2021.<\/p>\n\n\n\n