Infy logs on to US employee base to regain bellwether tag
Looking to “regain” its bellwether status amidst efforts to instill confidence among its workforce, software services major Infosys is reaching out to its US-based employees to shape up its “collective thinking”.business Updated: Dec 30, 2013 01:21 IST
Looking to “regain” its bellwether status amidst efforts to instill confidence among its workforce, software services major Infosys is reaching out to its US-based employees as it seeks to actively involve them in developing the company’s business strategy and shape up its “collective thinking”.
The Americas contribute over a third to Infosys’ revenues and the company feels that its onsite employees who deal with the company’s most important client firms would have ground-level insights that could help the IT major firm up its business strategy.
“The success of… strategic initiatives will depend on its strong execution in Americas, since it is the largest market for the organisation. We need your active involvement not only in shaping the strategy but also in executing it,” Infosys wrote in a letter to its US-based employees. “We want that insight to shape our collective thinking to propel Infosys in Americas to be the fastest-growing company among our peers.”
Infoscions (popular term for all Infosys employees) are expected to offer their suggestions over video conferencing. The initiative began almost a fortnight ago.
The company in its communiqué also said that its US employees being closest to the market bring “best insights into the opportunities and challenges that are in front of us…each one of us have to leave our fingerprints on the strategy that will restore respect and regain our bellwether status”.
When contacted, an Infosys spokesperson did not respond on the issue.
Infosys, which once boasted of a strong second line of leadership, has witnessed resignations of eight senior executives over the last six months, since co-founder NR Narayana Murthy came back from retirement as executive chairman. Of these, Ashok Vemuri and V Balakrishnan were frontrunners for chief executive’s position.
The attrition rate at Infosys, at 17.3%, is slightly more than the industry average of 14-15%. Three search firms HT spoke to said the number of Infosys employees looking for jobs has risen over the last six months.
Several IT analysts and brokerage firms had expressed concerns over exodus of senior executives at Infosys and feared that it could create a leadership vacuum within the company.
However, analysts hailed Infosys’ current move and said that it would instill a sense of belonging among employees. “A large number of mid-level executives at Infosys have good insights about business operations and it is in the company’s interest to tap these ideas,” an IT analyst said on the condition of anonymity.