As per the FY24 annual report of Infosys, the company has spent about three days of training per employee, that is, an average of 74.6 hours a year per individual. It has also spent Rs 1,615 crore on employee well-being. Not surprisingly, therefore, employee satisfaction has touched 80 per cent as per the firm’s feedback mechanism, Pulse, which has seen 1.60 lakh employees participating in the survey so far. Pulse collects real-time feedback from the staff members anonymously, on their experience at work, on career progress as well as learning.
The present headcount at Infosys is 3.17 lakh plus. Of these, 2.5 lakh have been given training in artificial intelligence (SI) skills. The attrition rate fell to 12.6 per cent from 20.9 per cent in the previous financial year. While the Indian multinational had hired 50,000 freshers in FY23, it hired only 11,900 in FY24. There has been a drop of 76% in hiring at Infosys in FY24
Salil Parekh, CEO and managing director, Infosys was recently addressing shareholders on the occasion of the release of the annual report. Early last month, Parekh had confirmed that the company had no plans to rightsize, downsize or cut jobs due to adoption of generative AI. In fact, Parekh had stated that his vision was to see technologies such as generative AI co-existing. Parekh had also conveyed then that Infosys would continue to follow an agile hiring model.
