Rising protectionist policies followed under Trump administration has prompted all IT services players to hire more locals in onsite geographies, especially in US.
Overall attrition jumped to 20.6 per cent in the quarter, a 400 basis points rise over 16.6 per cent in the earlier quarter.
The business is impacted by low volume growth amid Christmas and New Year holidays.
In his blog, sikka said, "It is clear to me that despite our successes over the last three years, and the powerful seeds of innovation that we have sown, I cannot carry out my job as CEO and continue to create value, while also constantly defending against unrelenting, baseless/malicious and increasingly personal attacks."
said its consolidated net profit has gone up by 7 pc to Rs 3,708 crore while total income in the October-December quarter rose 8.3 pc to Rs 18,093 crore.
Sikka pays 4 business heads million-dollar salaries as incentive to reach the company's revenue target of $20 billion by 2020.
Infosys aims to achieve an aspirational goal of $20 billion in topline by 2020.
"Power to purchase its own equity shares or other securities by way of a buy-back arrangement has been included and provisions relating to nomination facility for shares by a shareholder have been inserted," the Infosys postal ballot notice, uploaded on the company's website, said.
Panaya drags Q1 profits though revenue improves on the back of large deal wins, good traction in North America.
Infosys continues to see challenges in the short-term in the insurance space.
Infosys chief Vishal Sikka took home an annual salary package of $7.45 million (about Rs 48.73 crore) for the 2015-16 financial year.
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Fresher salary offered by IT companies in India had been stagnant at the level of Rs 3 lakh over the past 8-10 years.
With the appointment of Vishal Sikka as CEO and Managing Director of the company, IT major Infosys has elevated 12 leaders to the position of Executive Vice President with additional responsibilities.
Focus has to be a lot about self-learning, says Nasscom Senior VP Sangeeta Gupta.
Will Infosys, which will announce its Q2 results on Tuesday, be able to break away from the single-digit growth rates the IT services sector has been seeing?
The company is looking at building the 'bench' of employees in reserve, to be prepared for emerging demands, beside keeping staff attrition in control. Maintaining decent bench strength would help in implementing new projects.
Infosys continues to be interested in acquisitions.
The company has decided to consolidate its delivery functions horizontally
'Young people are digital natives.' 'Hence, their ability to learn coding and to become a full stack engineer is far more.' 'The demand for such people is more as we feel that if we hire people from campuses, we can train them to become what we want.'
Restricted stock units can be an effective tool to curb employee attrition and retain key talent
Revenue of the Bengaluru-based firm grew 1.7 per cent to Rs 17,078 crore in the June quarter as against Rs 16,782 crore in the year-ago period.
In the seventh top level exit in six months at Infosys, Subrahmanyam Goparaju, Senior Vice President and a member of the Executive Council that frames business strategy, has resigned.
Even as high attrition rates continue to haunt Infosys, the country's second-largest IT services firm is confident of bringing it down to 12-14 per cent in the next two quarters as it gets back to the growth trajectory.
Evaluation gets tougher as companies battle uncertain macro conditions and automation.
ESOPs allow employees to own equity in the company, which is seen as a morale booster for them.
Also looks at setting up development and training centres in the US to tide over visa-related issues
Most of the 250 freshers Infosys hired from US campuses last year would be deployed in sales
After removing Bell Curve model, company plans to do more periodic review of staff goals for facilitating continuous feedback.
Lower numbers signal that that companies, especially the technology services firms, are steadily reducing the dependency on non-immigrant visas.
'Where is the board's accountability in this whole transaction? The members of the earlier board who participated in approving and defending these acquisition are still in the current board,' the whistleblower said in a mail sent to US SEC and Sebi.
Once the IT bellwether, Infosys was also reporting laggard performance and facing harassment allegations by overseas employees.
Rao, in his letter, appealed to employees to stay the course, focusing on execution and expanding the services that the company had built over the past few years.
Infosys has been focusing on winning more lucrative digital technology and automation outsourcing contracts.
Infosys has been struggling to revive high growth for two years.
IT services major Infosys, which has been battling high attrition rates, expects the situation to continue for a few more quarters before it can be brought down to "comfortable" levels, its Chief Operating Officer U B Pravin Rao said.
The $140-billion Indian IT market is facing challenges on multiple fronts including stricter visa regime in key markets and shortage of skilled manpower for new technology areas like data science.
The S&P BSE Midcap and the S&P BSE Smallcap indices added 0.5% and 0.7%, respectively
The US and Europe are key markets for the over $ 140 billion Indian outsourcing sector.
New strategy for Infosys by October, says Nandan Nilekani. New chairman's other priorities: Hiring CEO, reviewing Panaya probe reports.
The city-based firm had witnessed exits, especially of senior level executives, in the last couple of years and one of the main tasks before Vishal Sikka when he took over as the chief executive officer last year was to check the high attrition levels.
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