Friday February 22, 2008 at 17:19
“SM: You have 600 engineers in Bangalore. Do you face attrition problems? SV: We don’t. I believe, most of the attrition happens from boredom related issues. We try to keep our team motivated and challenged with interesting work, and as a result, they don’t leave because they are not bored. Of course, we have good compensation, a strong bonus plan, etc. You see, we don’t intend to sell the company, so there is no stock option plan, because it is meaningless. However, we have a great bonus plan, and people learn and grow with us. It works.”
— Happily Bootstrapping: Zoho CEO Sridhar Vembu (Part 7) - Sramana Mitra on Strategy
