Infosys increases hiring target despite global slowdown

14 January 2009

While the global slowdown may have forced several Indian IT firms to rationalise costs and freeze their hiring, Infosys expects to exceed its hiring target before the end of financial year 2007-08

Infosys had earlier said it had met its target of hiring  25,000 people for the current fiscal year ending March 2009.

However, while declaring the third quarter results on Tuesday,  Infosys said that it will exceed its projected hiring of 25,000 people by hiring another 2,000 people.

Infosys is still hiring for specific skills, even as it said its overall HR targets have been met. So far it has It has hired 17,299 employees besides making around 20,000 campus offers.

The HRD director Mohandas Pai said, ''We will honour all our campus offers for freshers,'' and said the IT firm had sent letters to the fresh recruits confirming their date of joining.

Employee utilisation, excluding trainees, dropped to 74.5 per cent during the quarter, down 2.2 percentage points compared to a year ago.