Infosys to hire 10,000 people in second quarterJuly 11th, 2008 - 9:46 pm ICT by IANS
Bangalore, July 11 (IANS) Infosys Technologies Ltd plans to hire about 10,000 people in the second quarter (July-September) of this fiscal (2008-09) to take its staff strength beyond 100,000, a top company official said here Friday. “We will hire about 10,000 people this quarter (Q2) in line with our recruitment plans to add about 25,000 people during this fiscal (FY 2009). The gross addition will make us cross the 100,000 figure in the total number of employees in our parent company (Infosys) and its subsidiaries worldwide,” Infosys board member and head of HRD and education & research T.V. Mohandas Pai told IANS.
Continuing its hiring spree over the last two years, the IT bellwether added 7,182 people during the first quarter (April-June) of this fiscal, taking the total number of employees to 94,379 by June despite a whopping number of 3,990 employees leaving the company for various reasons.
As a result, the net addition for the first quarter is 3,192 employees, including 2,012 laterals as against 2,586 in the last quarter.
“Attrition rate has marginally gone up to 13.6 percent in the first quarter from 13.4 percent in the previous or fourth quarter (January-March) of the last fiscal (FY 2008) though it has declined by 0.1 percent from 13.7 percent a year ago,” Pai admitted on the sidelines of a briefing on the firm’s financial performance for the quarter under review.
Of the 3,990 employees who left the company in Q1, 12.1 percent quit voluntarily to pursue higher studies and around 47 percent to join other firms. The remaining left for other reasons, including involuntary resignations.
Though the global software major receives a record one million job applications every year, just 2.3 percent of them are offered employment on merit after going through a stringent selection process.
At the 27th annual general meeting June 14, Infosys chairman and chief mentor N.R. Narayana Murthy told the shareholders that creation of a diverse workforce would be the greatest challenge for corporations in a globalised world.
“As corporations grow and globalise, I am convinced that the greatest challenge they will face will be the creation of a diverse workforce,” Murthy noted.
Of the total number of employees, 87,816 are software professionals, including 82,368 billable and 3,372 trainees. Sales and support teams have 6,563 employees.
Utilisation rate of software engineers was marginally lower at 68.9 percent during the first quarter as against 69.8 percent in the previous quarter and 70.5 percent in the same period a year ago. Similarly, onsite and offshore effort remained flat at 24.3 pand 75.7 quarter-on-quarter.
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