Infosys re-launches ESOPs after 13 years to rein in attrition

Infosys re-launches ESOPs after 13 years to rein in attrition

Infosys has re-launched its employee stock option plan (ESOP) for junior to middle level management to reduce the rising attrition rate. Currently the company is rewarding nearly 7,500 employees across junior to middle level management with restricted stock options and it will be extended to middle management to senior leaders and title holders subsequently.

The company continues to focus on re-skilling employees and has also revamped its leadership development programmes. Infosys has given 6-12 percent wage hikes its employees in India and about 2 per cent to onsite workers, apart from offering equity to incentivize top performers. Infosys is also retaining top performers to overcome the attrition.

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