Infosys extends training period for recruits
Jan 14 2009 , Bangalore
The first batch of 4,000 people is already undergoing six months of training in the Global Education Centre (GEC) campus in Mysore.
For Indian IT majors it has been tough for some time now to keep techies occupied, especially freshers, since new projects are petering off.
“Instead of just benching the new employees because of non-availability of projects, we have decided to increase the period. New recruits will now be trained in two streams (domain areas or specialisations like maintenance, ERP, Java, .net etc) instead of just one,” Nandita Gurjar, VP — HR, Infosys told Financial Chronicle.
Gurjar indicated that training costs of the country’s second largest software services firm will thereby increase significantly. Infosys will have to bear the escalated cost of extended training for employees who will not be billable for three more months though being paid salaries. The company will also have the pressure of rising residential costs as well.
However, according to her, this approach will benefit the company as it will not only make employees more productive and multi-skilled in the mid to long term, but also keep them engaged in work-related activity at present. “As for the employees, getting trained in two domain streams will give them more visibility when a new project crops up,” she added.
Infosys board member TV Mohandas Pai, however, said that the budget for training costs of Rs 750 crore for fiscal 2008-09 will stay the same.
The Bangalore-headquartered firm has given campus offers to 18,000 engineering students for fiscal 2008-09. Pai said that the percentage of conversion rate has increased to 75-77 per cent. This means that more number of students have accepted Infosys' offer in this slowdown. The company has also made offers to 20,000 students slated to join in fiscal 2009-10.