October 21, 2010 Category : Higher Studies
Bangalore: To battle the rising attrition, technology major Infosys has revised its hiring plan for this fiscal year to 40,000 - up 11 percent from the 36,000 projected earlier.
"We are revising our hiring plans, as we need enough bench strength to cash in new opportunities," T V Mohandas Pai, Director (HR), said. The company will hire 11,000 people in the current quarter (October-December) as part of this plan, he added. This will include around 1,500 people outside India. Most of the overseas hiring will be in China and about 600 people in U.S.
Infosys had an employee strength of 122,468 by the end of the second quarter, 16 percent higher than the corresponding period last year. The company plans to reduce the utilisation rate to 77-79 percent from 82 percent as of now.