Infosys makes 20,000 campus offers for this fiscal

Though the company made a gross addition of 9,034 people in fourth quarter, net addition was only 661, as 8,373 people left, taking the total headcount to 194,044 by fiscal-end

Software major Infosys Ltd has made 20,000 campus offers for hiring freshers from colleges and institutes across the country to ramp up its headcount in 2016-17, a senior executive said on Friday.

"We have made 20,000 campus offerings by conducting interviews at various institutes to hire freshers for this fiscal and ramp up our headcount," chief operating officer U.B. Pravin Rao told said.

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Asserting that employee attrition had reduced in the fourth quarter of 2015-16, he said the company was able to retain more employees by increasing engagement with them all through the year.

"We have taken a number of steps to make Infosys an exciting place for the world's best talent. We continue to reimagine our internal processes to increase organisational agility," Rao noted.

Though the company made a gross addition of 9,034 people in fourth quarter including 5,266 laterals, net addition was only 661, as 8,373 people left, taking the total headcount to 194,044 by fiscal-end, as against 193,383 quarter ago and 176,187 year ago.

"Our attrition level has declined to 17.3% in Q4 from 18.1% in third quarter and 18.3% year ago," Rao added.