BENGALURU: Infosys’ board of directors is directly monitoring measures to reduce employee attrition , two people aware of the deliberations said.The Bengaluru-based software services provider reported 23.4% attrition rate in the quarter ending June 30. This includes people who were let go during the quarter.In the preceding three months, the attrition rate was 20.4%, while it stood at 23% in the year-ago period. The board typically discusses attrition rates at its meetings. The board wants to monitor the steps because it is a significant risk,” an Infosys executive with knowledge of the matter said. Infosys seeks to bring that down to 13-15% in the long term.“Historically, the attrition rate was around 13-15%, but shortage of talent has led to increase in attrition to about 20%.

Source: Economic Times July 25, 2019 00:33 UTC