Buoyant market conditions and increasing demand for people will see Infosys Technologies adding a little more than 28,000 people during the current fiscal as against its projected number of 25,000. Meanwhile, for the first time perhaps, there is ‘involuntary attrition’, with Infosys firing people who don’t measure up performance wise. For the second quarter of the current fiscal, Infosys made a gross addition of 10,795 people, which is the highest for any quarter in its history, the company said during the announcement of its second-quarter results. For the quarter, it made a net addition of 7,741 and takes its total headcount to 66,150 as against 58,409 people in the first quarter. The distribution of its headcount was also spread across its different business units, while software services added 7,900 followed by its BPO operations at 2,628. The rest were among its various subsidiaries like Australia, China and consulting business. Mr TV Mohandas Pai, director, human resources, said they would be adding 9,500 people in the next two quarters of the current fiscal and has already made offers for 13,000 freshers for the coming fiscal. The fresh hirings will see bulk of them coming from Karnataka as Bangalore has already reached the saturation point, he said. However, in line with its increased hiring, the attrition rate of Infosys also showed a 1 pct increase from 11.9 pct in the first quarter to 12.9 pct in the second quarter.
Source: 12 Oct' 06 The Economic Times New Delhi Edition
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