Financial Daily from THE HINDU group of publications
Friday, Apr 15, 2005
Financial Daily from THE HINDU group of publications Friday, Apr 15, 2005 |
|
|
|
|
|
Info-Tech
-
Software Infosys to hire 12,600, spend Rs 1,100 cr on expansion, new tech Our Bureau
(From left) Mr Kris Gopalakrishna, COO, Infosys; Mr Nandan Nilekani, CEO, Infosys; and Mr Akshay Bhargav, MD and CEO, Progeon; arriving to address a press conference in Bangalore on Thursday. - - G.R.N. Somashekar
Bangalore , April 14 INFOSYS Technologies expects to sustain the robust hiring momentum in fiscal 2006 and plans to invest between Rs 950 crore - Rs 1,100 crore in expanding its infrastructure and new technologies during the year. The company plans to hire some 12,600 people on a gross basis during the year. "We have already sent letters to some 6,000 campus hires," said Mr S. Gopalakrishnan, Chief Operating Officer and Deputy Managing Director, Infosys. The company added 1,521 employees during the fourth quarter, lower than the previous quarter's hires of 2280. For fiscal 2004-05, Infosys and its subsidiaries added some 11,116 employees, taking the overall headcount to 36,750. Infosys plans to effect a salary hike of 14-15 per cent for its offshore employees and about 3 per cent hike for its onsite employees, effective from this month, said Mr T.V. Mohandas Pai, Chief Financial Officer and board member. Infosys also plans to raise the salary for freshers by 15 to 18 per cent, Mr Pai said adding the company's variable compensation plan had helped it align the employee costs to the growth in the business. The company expected to minimise the impact of the salary hike on margins by reducing the selling, general, administrative and discrete expenditure, he said. The company saw employee attrition declining during the year to around 9.7 per cent as compared to 10.45 per cent in the previous year. It planned to add 20,000 seats to its infrastructure during the year, Mr Pai added. "We are investing about Rs 250 crore on technology upgradation," Mr Gopalakrishnan said. The company is investing in increasing its data communication links to the US to 90 mega bit as compared to 20 mega bit earlier, he added. The company has set up its second redundant data communication hub in Chennai and has started using wide area network to provide remote access to its employees. "We are also increasing the notebooks provided to the employees," Mr Gopalakrishnan said adding over 10,000 Infosys employees are being provided with laptops. Infosys spends about 6.8 per cent of its revenues on training and research and development, he said.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|