Infosys, the Indian multinational corporation that provides business consulting, information technology, and other services seems to be breathing fresh air under the leadership of Vishal Sikka. The 160K plus workforce company is not only trying to regain the old market confidence but also reviving the company culture among employees.
The company co-founded in 1981 saw N. R. Narayana Murthy returning from his retirement last year to revive Infosys, which had been struggling with weak revenue growth, falling market share and sagging employee morale. The other challenge for Murthy was to find strong shoulders who could steer the ship ahead.
In a year’s time, Infosys went ahead for the first time and picked an outsider Vishal Sikka, as chief executive officer. Vishal a former member of executive board at German software company SAP AG, had quite a few challenges when he came in; one of them was to control the attrition rates and boost the employee morale rates.
Infosys had a record high attrition of 19.5% in the June quarter, significantly higher than that of its peers in the industry. To deal with this Vishal has been reaching out to exiting Infosys employees via a lengthy email to employees who are putting in their papers, a mail that seeks to persuade them to reconsider their decision to leave the firm. The move coincides with another that is encouraging employees to participate in a crowdsourced ideas initiative, one that has drawn 2,650 ideas.
In addition to this, beginning October the company’s 160K plus task force will be gradually allowed to tweet and check their Facebook updates from their personal devices at work. Don’t get shocked, you have read it right!
Like any other IT company, Infosys has been strict about keeping tabs on work hours and has never allowed browsing social networks during work hours. But times are changing with the change of guard. Going further employees can enjoy spending time on social networks along with their work.
The Bangalore-headquartered firm is likely to post a 21 percent rise in net profit in the quarter ended September as a global economic recovery helps bolster tech spending, according to a survey by Thomson Reuters.
Initiatives like this will add as the much required incentives in today’s times for a firm that might take at least another two years as the company aims to scale itself to offer high-value services, according to experts who got a chance to interact for the first time with Chief Executive Officer and Managing Director Vishal Sikka at an event in Berlin last week.
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