The Hindu Business Line : Infosys picks 15 out of every 1,000 job seekers

Software major Infosys Technologies' "job-applications to job-offered ratio" increased to 1.5 per cent in fiscal 2006 as compared to 1 per cent in fiscal 2005.

In other words, the strike rate of job aspirants making it to the company's rolls improved to 1.5 per cent in FY 2006 as compared to one or less than one per cent in the past several years.

Infosys screened a whopping 14.236 lakh job applications in fiscal 2006 and made offers to some 21,650 candidates. These offers were made after interviewing some 48,700, of the 1,63,620 candidates tested. The offers were exclusive of the jobs offered by Progeon, its business process outsourcing subsidiary, during the year.

The Head of HR and board member of Infosys, Mr T.V. Mohandas Pai, attributed the slight improvement job-application to job-offer ratio to the changing mix of job aspirants. "I see the mix has improved a little bit and nothing beyond that," he said.

In fiscal 2005, the company had extended job offers to 14,500 after receiving some 13.348 lakh applications. The company had tested some 1.22 lakh applicants and interviewed some 36,600 of them before making 14,500 job offers. In other words, for every 100 job aspirants, only one made it to the company's rolls then.

Infosys, which follows very stringent recruitment standards, had the job-application to job-offered ratio of less than one per cent for the past several years. Infosys believes that its ability to execute projects, to maintain our client relationships and to obtain new clients depends largely on its ability to attract, train, motivate and retain highly skilled technology professionals, particularly project managers and other mid-level professionals.

The company employed 52,700 employees as of March 31, 2006, of which about 49,500 were technology professionals. Infosys saw its attrition rate, excluding that of Progeon, increase to 11.2 per cent during FY 2006 as compared to 9.7 per cent in FY 2005. The average industry attrition during FY2006 was estimated at around 20 per cent.

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