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News >> Technology >>
Infy picks 15 out of every 1,000 job seekers
By agencies
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Tuesday, 02 May 2006, 19:30 IST
BANGALORE: IndiaÂ’s second largest IT company, Infosys Technologies' "job-applications to job-offered ratio" increased to 1.5 percent in financial year 2006 as compared to 1 percent in the previous financial year 2005.
The strike rate of job aspirants making it to the company's rolls improved to 1.5 percent in FY 2006 as compared to one or less than one percent in the past several years.
The company screened an enormous 1.42 million job applications in FY-06 and made offers to some 21,650 candidates. These offers were made after interviewing some 48,700, of the 1,63,620 candidates tested. The offers were exclusive of the jobs offered by Progeon, its business process outsourcing subsidiary, during the year.
T.V. Mohandas Pai, HR head of Infosys attributed the slight improvement job-application to job offer ratio to the changing mix of job aspirants. He said, "I see the mix has improved a little bit and nothing beyond that.”
In fiscal 2005, the company had extended job offers to 14,500 after receiving some 1. 33 million applications. The company had tested some 122,000 applicants and interviewed some 36,600 of them before making 14,500 jobs offers. In other words, for every 100 job aspirants, only one made it to the company's rolls then.
The company employed 52,700 employees as of March 31, 2006, of which about 49,500 were technology professionals. Infosys saw its attrition rate, excluding that of Progeon, increase to 11.2 percent during FY 2006 as compared to 9.7 percent in FY 2005. The average industry attrition during FY2006 was estimated at around 20 percent.