Friday, October 12, 2007

Infosys offers job to 18,000 engineering graduates

Infosys has stepped up its campus hiring this year and has issued some 18,000 offers to engineering students, 40 per cent more than the previous year.

“We have visited 1,000 of the 1,700 engineering colleges and made some 18,000 offers,” said T.V. Mohandas Pai, Head of Human Resources, Infosys Technologies.

The engineering students, to whom the offers are made this year, are expected to join the company in mid-2008.

Infosys had issued some 13,000 campus offers last year, of which 9,700 of them had taken the offer and joined the company this year. “Of the 18,000 offers made this year, we expect 13,000-14,000 to join the company next year,” he said.

The company expects to recruit 40 per cent of its employees from the campus and would depend on lateral hires for the rest. It is incurring a training cost of $175 million this year, he said.

Campus Connect

Infosys added 8,453 employees on a gross basis during the September quarter and continues to invest in creating a strong training and recruitment engine. “Our Campus Connect programme to enhance the quality of engineering talent in colleges has been extended to 360 colleges with the participation of more than 31,000 students,” Pai said.

“Consequently, we have seen a qualitative change among our new employees. Along with Project Genesis, which is aimed at college graduates for our BPO business, Campus Connect will deepen the talent pool. We have so far trained 1,217 faculty in various engineering and other colleges,” he said.

Rise in attrition rate

Infosys reported a slight increase in its attrition rate to 14.2 per cent from the earlier 13.7 per cent for the September quarter due to seasonal factors, wherein the junior employees leave the job to pursue higher education.

No comments: