Infosys Technologies suffered the highest attrition rate (21 per cent) for senior staff amongst India's leading IT companies in 2005-06. In comparison, TCS saw a dropout rate of 7 per cent, and Wipro of 8 per cent.
Of Infosys' top 135 executives, who were paid an average monthly remuneration of at least Rs 200,000, including salary, commission, allowances and medical perquisites, 29 resigned in 2005-06.
During the same period, Wipro lost nine out of its 125 such personnel, and TCS lost seven of its 85 highly paid employees.
However, the attrition rate at Infosys this time was much lower as compared with the previous financial year. The Bangalore-based company had lost 28 per cent of its senior executives in the previous year, with 47 of the top 165 personnel putting in their papers.
A majority of the top Infosys executives who quit did so after the appraisal period of the company. Most of them are believed to have left for fresh assignments with higher salaries, given that a number of global IT majors have been setting up shop in the country. Some of the employees also opted for overseas assignments with other companies.
TV Mohandas Pai, director and head of human resources development, Infosys, confirmed the phenomenon, but added, "there was no exodus to one particular company, either in India or abroad."
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