4,000 employees resigned Infosys in February?

This is first positive sign which shows the revival of Software fortunes in our domestic market. A report said that over 4,000 employees may have resigned from Infosys in February alone which is largely driven by an uptick in business environment that has created a huge demand for talent, after a lull from last few years. Normally these resingations lie in 1,200 to 1,500 per motn for Infosys which has grown to 4,000 in February.

Although this is not officially confirmed by Infosys management, but it seems there is a bit of truth lying behind.  'Infosys is still best placed to face the hiring storm, pays the highest salaries among like sized peers and has the largest unused bench of programmers,' said a report. But it was cautious on Wipro, which has too few extra resources.
 
It is true that Infosys has already announced a wage hike for the year 2010-11. Industry observers and Infosys employees said another reason for high attrition which could be the new HR policy called iRACE, which the company put in place in October last year. The policy evaluated employees based on work experience and competence.