No cost cutting to stop staff training in IT firms

By siliconindia   |    3 Comments
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No cost cutting to stop staff training in IT firms
Bangalore: Though, Indian IT majors have implemented several cost cutting measures due to the market scenario, when it comes to spending for employee training the companies are willing to dole out crores of rupees. For instance, India's largest IT services provider, Tata Consultancy Services (TCS), spends two percent of its revenue every year on training new entrants. IT bellwether Infosys recently announced the opening of a huge training facility at its Mysore campus. Infosys annually spends over 800 crore on training alone, while Wipro spends about two percent of its net sales in providing training to employees. The IT majors have identified the need to train the students they handpick annually from the top engineering colleges and technical institutes as a critical task, even as the industry is seeing a degree of upturn in client demand. While Infy and TCS have, to a certain extent, tried to centralize their training resources, Wipro's strategy has been of a federal nature to cater to local manpower requirements. Wipro has set up a string of training centers in proximity to its competency centers all over India and overseas. Even HCL has decentralized its training infrastructure across the globe, because its employees are no longer confined to a particular geography or location. "Wipro believes in taking learning as close as possible to the learner. Hence, for fresh recruits, training is conducted at the development centers where the employee is to be placed. Training happens primarily at our Talent Transformation Centres," says Sreekala Ramamurthy, General Manager (Talent Transformation), Wipro. Even TCS provides an Initial Learning Programme (ILP) at the company's corporate learning centre in Trivandrum.