More Than 80000 Infosys Employees Have Resigned In Last 3 Months | Information technology company Infosys resigned over 80,000 employees in the past three months, according to a report last week.
During the financial year 2022, the company hired 85,000 freshers both off-campus and on-campus, and the total headcount increased from 2,92,067 in the December 2021 quarter to 3,14,015 in the financial year 2022.
More Than 80000 Infosys Employees Have Resigned In Last 3 Months
Its attrition rate increased from 25.5% in the December quarter to 27.7% in the March quarter, according to the Bengaluru-based IT major. Between January-March 2022, over 80,000 employees resigned from the company.
Having recently faced record levels of attrition, Infosys is reportedly invoking the non-compete clause in employment agreements to curb employee loss.
The company has a non-compete clause which prohibits its employees from joining Tata Consultancy Services, IBM, Cognizant, Wipro, and Accenture within six months of leaving the organization if they have the same clients.
The ban also applies to nine companies including Tech Mahindra, Genpact, WNS, TCS, Accenture, IBM, Cognizant, Wipro, and HCL.
Additionally, the non-compete clause prohibits employees from working for the same customers they had worked for at the company for the past 12 months.
The matter came to light after a Pune-based IT union, The Nascent Information Technology Employees Senate (NITES), has written to the Union Labour Ministry seeking the removal of the clause, calling it “arbitrary, unethical and illegal”.
The complaint has been registered, NITES said, “Non-compete clauses are not valid in India as per Section 27 of the Indian Contract Act, which states that any agreement that restrains anyone from practicing a lawful profession, trade or business is to that extent void.”
However, in response to the non-compete clause, Infosys said, “It is a “standard business practice” for employment contracts to include “controls of reasonable scope and duration to protect the confidentiality of information, customer connection and other legitimate business interests”
“These terms are fully disclosed to all job aspirants before they decide to join Infosys, and do not have the effect of preventing employees from joining other organisations for career growth and aspirations.” IT clarified in a company statement.
Commenting on this, Shewali Tiwari said, “In an era where organizations like Meesho and Zerodha are going fully remote, and many others are spending more time, value, and effort on employee benefit programs, a move like this will only contribute to more attrition.”
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