echo ''; Clamorworld » In everyday life every one of us comes across various experiences, incidents which we either don’t share with anyone or share with family members and friends. Print media, electronic media and various medium shows the news, but its ends up showing one sided of the story. We never come to know the other side of story. With so much happening every day, every second across our neighborhood, society, and world it’s difficult for the news media to cover all the news. Many times we have felt wish we could share our voice, opinion, thoughts with the world. Many a times we have felt the frustration, anger and helplessness for not being able to do anything about an incident. Have you ever felt, for a good cause, you need support, but don’t know how to garner the support and attention. So, now you have an option “www.Clamorworld.com“. This is a platform to share everything you want to. A website 100% runs by the people for the people. The world is waiting to listen to your voice, the voice which has kept you suppressed so far. If you do not want to share the incident, event personally, please send it to us at contact@clamorworld.com, and we will share it on your behalf and assure to keep your name confidential. Let’s make this world a peaceful and a happy place to live. » Infosys Hiring Drops 65%, Nearly 38,000 Techies Leave Company In 2016-17

Infosys Hiring Drops 65%, Nearly 38,000 Techies Leave Company In 2016-17

 

Infosys saw A whopping 37,915 engineers leave the software major while its hiring plunged 65 per cent in fiscal year 2016-17 thanks to increasing automation and thrust on artificial intelligence in its operations and projects. According to the employee metrics disclosed by Infosys on Thursday, 37,915 left the company and its subsidiaries worldwide during the fiscal year under review (FY 2017) as against 34,688 in the previous fiscal year (2015-16). Though the city-based company hired (gross addition) 44,235 techies in FY 2017 as against 52,545 in FY 2016, the exodus led to the net addition slump to 6,320 for the year as against 17,857 in the previous year, a whopping 65 per cent decline.

Net addition for the fourth quarter (January-March) was 601, while it was negative or minus 66 in the third quarter (October-December) and 661 in Q4 year ago. Hiring of laterals (seniors with 10 or more years of experience) also declined to 18,979 in the fiscal under review (FY 2017) from 24,719 in FY 2016.

The outsourcing firm’s total headcount for FY 2017 increased 6,320 to 200,364 from 194,044 in FY 2016. As a result, attrition for the parent company (Infosys) increased to 15 per cent in FY 2017 from 13.6 per cent in FY 2016 on annualised basis.

On a consolidated basis, annualised attrition of the parent company and its subsidiaries worldwide increased to 19.2 per cent in FY 2017 from 18.7 per cent in FY 2016.

“Attrition declined sequentially to 13.5 per cent in fourth quarter from 14.9 per cent in third quarter in the parent company, reflecting our focus on better employee engagement,” chief operating officer UB Pravin Rao said in a statement.

“Utilisation rate also reached 84 per cent, which is the higher in Q4 over the past several years,” Mr Rao added.

Consolidated attrition also declined to 17.1 per cent in Q4 from 18.4 per cent in Q3.

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