The Hindu Business Line : Infosys to hire 8,000 less than last year

Infosys Technologies plans to hire about 25,000 candidates this fiscal—8,000 less than it did last year. This is because the company expects the first two quarters of this year to go slow, yielding no improvements in pricing or billing rates.

Infosys Technologies plans to invest Rs 1,000 crore more towards training next fiscal, Mr T.V Mohandas Pai, Member of the Board and Director-Human Resources, Education and Research and Administration, Infosys, told Business Line on a recent visit to the city.

The company has been investing about Rs 700 crore each year towards training its employees.

Infosys has a training centre in Mysore with a capacity to train 13,500 candidates every quarter—the largest training facility in the world. The campus also provides accommodation for 10,000 candidates and teaching staff.

Of the 25,000–strong recruitment planned, 18,000 offers have already been made to campuses. Typically, 70 – 75 per cent of offers convert into recruitment. About 3,500 candidates are currently undergoing training at Mysore, where the company’s training institute is headquartered, and will come into delivery in the first quarter of the current fiscal, Mr S.D. Shibulal, Chief Operating Officer of the company, said in a conference call with analysts.

Infosys is offering a salary package of Rs 3.25 lakh to freshers this fiscal, up 8 per cent from last year.

Also, employee salaries will see a 11- 13 per cent hike in India and 4-5 per cent hike overseas, where about 1,500 candidates will be recruited.

Fresher hiring for 2010 has already commenced, Mr Shibulal said without sharing any details.

Our Bangalore Bureau reports: Attrition has come down for the quarter ending March 2008 with 1,998 people in software services quitting their jobs as compared to 2,118 in the first quarter of the fiscal. Numbers for the previous year were 1,610 in Q1 and 1,700 in Q4.

This is the first time in three years that attrition rate in the fourth quarter is less than that in the first quarter, Mr Mohandas Pai, said at a press conference .

As the company looks to move up the value chain of outsourced IT services and deliver “value” not “price” to its clients, it is essential that fresher: lateral ratio changes from the current levels of 66: 34.

The company expects to push up its utilisation rate to 77 per cent from the present 75 per cent. “If there are opportunities, it will go up even more,” Mr S. Gopalakrishnan, Chief Executive Officer and Managing Director, Infosys.

Our Bangalore Bureau reports: Attrition has come down for the quarter ending March 2008 with 1,998 people in software services quitting their jobs as compared to 2,118 in the first quarter of the fiscal. Numbers for the previous year were 1,610 in Q1 and 1,700 in Q4. This is the first time in three years that attrition rate in the fourth quarter is less than that in the first quarter, Mr Mohandas Pai, said at a press conference . He attributed this to an increasing sense of financial security among employees.

More Stories on : Human Resources | Software | Infosys Technologies Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
TCS results on April 21

5 new mobile operators to get GSM spectrum in TN

Hathway Cable gets Govt nod for debenture issue

Low-cost office space for IT, ITES firms planned

Unscathed so far, by US troubles

HP programme for colleges

Four Soft signs contract with Colvan

SonicWALL chooses Redington

Satyam retains top slot

Infosys to hire 8,000 less than last year

Satyam, Oracle in alliance

Qualcomm Ventures to invest in Tessolve

‘Virgin markets continue to be strategic fit’

Infosys capex plans

Infosys rides on growth in European operations

‘Clients’ IT spend to stay flat for some time’