Infosys postpones campus hiring from sixth to eighth semester
By siliconindia   |   Wednesday, 25 March 2009, 18:33 IST   |    1 Comments
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Bangalore: As global markets look unfit to make business, India's second largest IT firm Infosys has reviewed its campus hiring strategy by postponing new recruitment this year for almost six months. Unlike the past, Infosys will approach top engineering colleges in the country during the eighth semester only, not sixth semester as before, reported The Economic Times. Earlier, the company used to offer a year in advance, even one-and-half years in advance. Till March 2009, Infosys has plans to hire 9,000 employees. Meanwhile, Infosys' hiring in the December quarter stood at 5,597 employees, much lower than the previous quarter's 10,117. The move to put an end advance hiring indicates that Infosys is moving towards a leaner bench. According to Infosys HR Director TV Mohandas Pai, Infosys' current bench strength is at 20 percent of total employees, which is likely to come down to 10 percent and eventually stabilize between 10 and 15 percent in the coming fiscal. "Attrition is down because growth has come down and hence the need for bench is less. We are in the middle of an adjustment towards a leaner bench," Pai pointed out. Moreover, the company has also tightened performance management norms and has placed around five percent of its global workforce under the scanner. Infosys has asked senior managers to give the lowest performance rating to the 'underperforming' five percent as a part of the company's consolidated relative ranking. "Infosys has been trying to make the organizational structure leaner and efficient resulting in some 100 positions being knocked off. They are not being redeployed because these positions do not exist any longer. But it is a modest figure when compared to the overall numbers," Pai added further.

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