Each Infosys employee worth Rs 97 lakh
By siliconindia   |   Monday, 18 May 2009, 21:39 IST
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Each Infosys employee worth Rs 97 lakh
New Delhi: The IT major Infosys' total human resources value, which includes both software professionals and support staff, is pegged at Rs 1,02,133 crore for the fiscal ended March 2009, putting the value of one employee at Rs 97 lakhs on an average. The assessment of the company's 1,04,850 employees is mainly based on the potential value of his or her future earnings, according to the company's annual report. For the fiscal year ended March 31, 2008, the value of human resources stood at Rs 98,821 crore while the total work force of the company stood at 91,187. In FY 2009 the number of software professionals and support staff stood at 97,349 and 7,501 respectively, the report said. Employee compensation includes all direct and indirect benefits earned both in India and overseas and the incremental earnings based on 'group or age' are among the assumptions taken into account, it added. The value is computed using the 'Lev & Schwartz' model. In the entire FY 2009, the company took on board 28,231 employees, but the net additions for the year were just 13,663. The company's employee strength has been steadily increasing from the past five financial years. The employee strength was 23,377 in FY 2004, 32,178 in FY 2005, 44,658 in FY 2006 and 59,831 in FY 2007. For the fiscal ended March 2009, Infosys had posted a 28.5 per cent growth in consolidated net profit at Rs 5,988 crore and a 30 percent growth in total income to Rs 21,693 crore as compared to the year-ago period.

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