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Infosys spends $187.5 Mn on training workforce
By siliconindia
|
Wednesday, 06 August 2008, 16:59 IST
Bangalore: The cost efficient measure of fresher's recruitment becomes expensive for Infosys, as fresher's training makes it spend around 
750 crore. This makes the IT service provider resort to cost cutting project Campus Connect, apart from its training center in Mysore.
With the high recruitment spree, a gross addition of 8,097 employees during the first quarter, Infosys makes higher training expense imminent. As Nandan Nilekani, former CEO of Infosys say, "Our people are our capital. The more we invest in them, the more they can be effective." But this process makes it rather expensive as according to them, "We thus spend 750 crore a year on educating and training our workforce. We are being forced to do what universities should have done." Hence, Infosys has tied up with 502 engineering college campuses, as part of its Campus Connect project, to level up the standard of education ensuring the students the required knowledge for any related employment opportunities and thus reducing the training costs. Around 2300 faculties are trained for its effective functioning.
However, the training processes in the developed countries like U.S. costs much less compared to India, where a person's training for 16 weeks costs about 250, 000 per person As T V Mohandas Pai, Head (HRD), Infosys says, "Training a person for 16 weeks (4 months) in the U.S. costs something like $50,000 (around 21.25 lakh). However, the education system is much better in the U.S. So, we provide short-term training courses of about 15 days for new recruits there."
750 crore. This makes the IT service provider resort to cost cutting project Campus Connect, apart from its training center in Mysore.
With the high recruitment spree, a gross addition of 8,097 employees during the first quarter, Infosys makes higher training expense imminent. As Nandan Nilekani, former CEO of Infosys say, "Our people are our capital. The more we invest in them, the more they can be effective." But this process makes it rather expensive as according to them, "We thus spend 750 crore a year on educating and training our workforce. We are being forced to do what universities should have done." Hence, Infosys has tied up with 502 engineering college campuses, as part of its Campus Connect project, to level up the standard of education ensuring the students the required knowledge for any related employment opportunities and thus reducing the training costs. Around 2300 faculties are trained for its effective functioning.
However, the training processes in the developed countries like U.S. costs much less compared to India, where a person's training for 16 weeks costs about 250, 000 per person As T V Mohandas Pai, Head (HRD), Infosys says, "Training a person for 16 weeks (4 months) in the U.S. costs something like $50,000 (around 21.25 lakh). However, the education system is much better in the U.S. So, we provide short-term training courses of about 15 days for new recruits there."
