Staff appraisal practice is soon to begin in Infosys. The company is likely to follow the trend set by Google and Facebook and will start evaluating its employees by October next, in order to select the best of the lot.
Infosys, if able to do the process correctly will be able to retain the tag of preferred employer in India. In order to evaluate its 160,000 strong workforce, Infosys is likely to take assistance from its 900 clients in form of their feedback.
Individual performance will also be judged on basis of ratings given by team members and other subordinates in the team. Google and Facebook have been using this tactic of employee evaluation since long and though details are always kept secret, yet some information does come in the public preview.
The urge to control the attrition rate might be one of the reasons that Infosys is resorting to such practices. In the second quarter that ended in September, Infosys showed an attrition rate of 20 percent while its rival Wipro had an attrition rate close to around 17 percent.
By implementing these practices of employee evaluation, Infosys desires to bring down the attrition rate to around 13-15%.… Read the rest