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Infosys hired 10,795 people in second quarter

Bangalore, Oct 11 (IANS) Keeping pace with its scorching growth, Infosys Technologies Ltd hired a record number of 10,795 people during the second quarter (July-September) of the current fiscal (FY 2006-07).

Wednesday, October 11, 2006 | 1:08:02 PM IST (+05:30 GMT)
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Bangalore, Oct 11 (IANS) Keeping pace with its scorching growth, Infosys Technologies Ltd hired a record number of 10,795 people during the second quarter (July-September) of the current fiscal (FY 2006-07).

'The gross addition of 10,795 people during the quarter (Q2) is the highest employee addition in any quarter. We are increasing our investment in education and training, besides improving the knowledge base of entry-level talent through the Infosys Campus Connect programme,' said Infosys board member and head of HRD T.V. Mohandas Pai in a statement here Wednesday.

As a result, the total number of employees was 66,150 by the end of September, against 46,196 in the same period last fiscal (FY 2005-06) and 58,409 by the end of previous quarter (April-June).

With attrition level increasing to 12.9 percent in the last 12 months, the net addition was 7,741 by the end of September, as against 6,390 a year ago and 5,694 by the end of previous quarter (April-June) when the attrition levels were 10 percent and 11.9 percent respectively.

'We have also put in place a long-term retention bonus plan for senior employees during the quarter,' Pai added.

Of the total employees, software professionals are 61,966, including 53,873 billable and 6,264 as trainees. The rest are employed in the banking product group (1,809) and sales & support (4,184).

Copyright : Indo-Asian News Service
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