Financial Daily from THE HINDU group of publications
Friday, Dec 02, 2005
Financial Daily from THE HINDU group of publications Friday, Dec 02, 2005 |
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Info-Tech
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Human Resources Hexaware's HR-IT practice helps clients optimise costs Our Bureau
Bangalore , Dec. 1 ANNUAL human resource spends is an area of concern for most companies. Currently, companies are spending about $1,600-$2,000 per employee per annum and feel they can trim their budgets by 10 per cent thus increasing efficiency. And in the services sector, the figures are a bigger cause for concern: almost 70 per cent of an organisation's budget is dedicated to human capital. "This is where HR-IT can help," says Mr Moorthi Chokkanathan, Senior Vice-President, Head, Enterprise Competencies, Hexaware Technologies. Hexaware's HR-IT practice, launched in 1998, now clocks revenues of around $40 million. The company has implemented about 500 projects in seven years working in the areas of HR-IT transformation, helping clients optimise HR costs, in package implementation, product support and maintenance, application testing, etc.
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