The Company aims to have a healthy mix of local and global members in its workforce.
Infosys—the second largest software services provider in India—underwent shuffling of the board recently. The Company saw some clashes between the founders and the former board members over certain corporate governance lapses and irregularities. This conflict led to the exit of the CEO, Vishal Sikka and former chairman R Seshasayee and three other board members.
The reshuffle resulted in the appointment of co-founder Nandan Nilekani as the non-executive chairman and U B Pravin Rao assuming additional charge as interim CEO and MD of Infosys. With these appointments, not only has there been a boost to the company’s morale but its stock prices have also recovered.
Infosys will continue hiring around 6000 engineers annually for the next two years. In the last fiscal, it hired 6000 engineers.
Rao said in an investor meeting that “…we continue to recruit. This year….we had a net addition of 6,000 and we expect similar additions over the next one or two years, depending on the kind of growth you see in the market”.
The Company will increase its hiring process in the US and European markets, due to visa-related issues. But that does not mean it will not hire in India. The Company focus is on doing more with less. It will utilise the local engineers to get maximum output with minimum cost.
Infosys is setting up a development and innovation centre in the US. Also, it will increase the localisation of its workforce and recruit about 10000 people in the next few years. It is aiming for a healthy mix of local and global personnel.
Infosys usually has some attrition every year. It had a total headcount of 1,98,553 employees at the end of June 2017. During this quarter, it hired 8,645 individuals at a gross level but its total headcount was lower by 1811 at a net level.
During the recent IT layoffs, Infosys had said that it will recruit a total of 20,000 people in 2017.