"the only way out of the churn"
. . is to pay a decent wage, not treat your employees like shit and give them at least the impression that they are useful.
Giving them scraps and piling pressure on them is just how you push them away.
Services giant Infosys has had a difficult week, with one of its flagship projects wobbling and India's government continuing to pressure it over labor practices. The troublesome project is India's portal for filing Goods and Services Tax returns. According to India's Central Board of Indirect Taxes and Customs (CBIC), the IT …
... market your company aggressively to developers with gimmicks and shallow promises, pay about market average and protect those margins for your share-holders. All while wrangling lucrative ever-extended government contracts with limited transparency and little understanding from those opening the countries chequebook to you.
It's not big or clever but it does work (for some values of work)
To try and combat turnover by hiring "fresh-outs", new grads, is picking the demographic that is most likely to be shifting jobs most frequently. They want to be hiring people that have roots in the area through having to provide for a family and have a mortgage to service. It's not easy to pick up and move for a job that pays 5% more when it means selling the house and transferring the kids to a new school in the middle of the year. In addition, the first several years after college is when you might see the biggest pay rises (at least as a percentage) as experience is gained. Once you've been working for some time in a career, the rises are less frequent as you tend to top out in what the going rate is for that position. If Infosys isn't paying the going rate for seasoned employees, they are going to have competition from companies that will pay those wages. It's as simple as that.
The government might be a problem too. If they are moving the goal posts right up to the deadlines through changing policies and requirements, there isn't the time to modify the software and have it fully tested before it's needed.
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