Infosys said it\'s on track to meet 45,000 hiring target
Date: 14-Jan-2012
BANGALORE: Infosys Technologies on Thursday said it is well on track to meet its target of hiring 45,000 persons this fiscal and will focus on local hiring.
"People addition is on track for 45,000 (employee hiring) target for
the financial year 2012. The company will focus on local hiring. We have
hired 1,000 people in the US in the last four quarters," Infosys Chief
Executive Officer and Managing Director S D Shibulal said.
At the beginning of the current financial year, Infosys had announced
plans to hire about 45,000 people. During the October-December 2011
period, country's second-largest software services exporter hired 9,655
employees, while nearly 6,389 exited the organisation during the period,
taking the net addition to 3,266.
"The attrition rate has come down from 17.4 per cent in
October-December period of 2010, to 15.4 per cent in the quarter under
review," Infosys' Member of the Board and Chief Financial Officer V
Balakrishnan said.
During the first quarter of the current fiscal, while the company and
its subsidiaries hired 9,922 employees (gross), over 7,000 employees
left the organisation. The net addition stood at 2,740. In the second
quarter, the IT giant saw gross addition of 15,352 employees, while net
additions amounted to 8,262.
At the end of December 31, Infosys and its subsidiaries had 1,45,088
employees compared to 1,27,779 people as on December 31, 2010. In the
past few months, anti-outsourcing campaign against Indian technology
companies is gaining momentum in a slowing US and European Union.
Politicians and governments in these countries have been objecting to
offshoring work. Most Indian technology companies have been consistently
hiring more and more in western countries over the past few years, to
blunt the criticism of 'taking away' jobs. The proportion of the recruit
in the US and the EU has seen a marked increase.
Posted By : Neha Agarwal
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