Infosys slows down recruitment by 29 pc

Bangalore, Aug 14: With a slow down in recruitment in the IT sector, IT giant, Infosys said that it has plans to recruit about 25,000 people in the current fiscal year, a reduction of 29 per cent in the total recruitment compared to last year. Infosys has recruited 35,000 people in the year 2007-08.

“We plan to hire 25,000 people in the current fiscal and among them, 18,000 would be hired through campus recruitment," Infosys senior Vice President&group head of human resources Nandita Gurjar said on Tuesday, Aug 12. Pointing out that the firm has not made any changes in hiring plans due to global slowdown, she said that impact on hiring could be visible in the last two quarters of the current fiscal year.

“The third and fourth quarters would be the time when the firm tends to tighten up its hiring," she added. Economic slowdown is not the sole factor for lower recruitment, but other factors such as infrastructure and business plans also add up, added Gujar. The firm had 3,372 trainees in the quarter ended June 30, 2008, compared with 5,070 in the year-ago period.

Gurjar also said that the attrition levels have come down in recent times and is hovering little over 13%. As on the first quarter of this fiscal, the attrition was at 13.6%, which is marginally lower than 13.7% in the year-ago period.

OneIndia News