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Infosys
to hire 30,000, promotions for 7500
Wednesday, April 14, 2010 12:45:34 PM ,
Siliconindia News Bureau |
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Bangalore:
Infosys Technologies, one of India's top software services exporter,
is planning to provide promotion to almost 7500 employees in both
middle and lower ranks.
Talking to the media after the
announcement of its quarterly results S.D. Shibulal, Chief Operating
Officer and Member of the Board also said the promotions will be
topped up by wage hikes.
He said, "We have announced a wage
hike of around 13-17 percent offshore and 2-3 percent onsite."
The company also plans to recruit 30,000 people in the upcoming
financial year including 19,000 campus hires, 5,500 laterals, 2,000
overseas hires (in China, Manila, the U.S. and Europe) and the rest
for Infosys BPO. Last year, Infosys started with 18,000 and ended up
with 27,000. The company has already visited 300 campuses while
moving towards bringing people in.
Infosys have seen extremely high attrition over the last quarter and
most employees attribute it to the new HR initiative. There were
reports mentioning the lost of 4000 employees in the month of
February alone accounting for three percent of its total strength.
Commenting on the flutter caused by
iRace, Mohandas Pai, Head - Human Resources, Infosys said that the
company believes in the new HR policy. 'iRace' will set a baseline
and it will 'fit' people in a particular structure besides all the
controversies.
"We have addressed all the issues of
employees in an open and transparent manner and it should be seen as
a forward looking transformation exercise," he added. Pai also
claimed that the company also provide several platforms for them to
express their opinion on upcoming policies through websites, blogs,
and review sites.
The attrition level of the company has also gone up drastically.
Currently according to company sources the rate of attrition is
around 13.4 percent. Infosys BPO has a major attrition level of 35
percent. Hence the company has decided to spend $134 million in
salary hikes this quarter.
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