Monday, April 19, 2010

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Infosys IT Inc's biggest paymaster in 2009

Unveiling plans to hire 30,000 persons this fiscal, IT bellwether Infosys today said it has paid $134 million (nearly Rs 600 crore) in salaries in 2009-10-the highest amount in the IT industry's history in India in a year.

Infosys HR head T V Mohandas Pai said the company has already made 19,000 campus offers for fiscal 2011.

Talking to reporters, he also said Infosys envisages recruiting 1,000 personnel each for its China and US offices and around 400 in Manila, he said. The company plans to induct 5,500-6,500 laterals, he added.

"There has been a large wage increase for middle and junior level employees. At the senior level, there has been a 10 per cent increase in wages. Overall, the average wage hike has been around 14-17 per cent," he said.

Nearly 7,500 persons were promoted by Infosys during the past year, out of whom 2,500 had been impacted by the company's new employee restructuring programme, called I-Race.

As per the restructuring programme, which aimed at fitting employees into roles they were prepared for, nearly 4,500 employees had been fitted in a role lower than what they were earlier fitted into. 0ut of these 4,500 personnel, 2,500 have now been promoted and the remaining 2,000 might be promoted in October.


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