Infosys to continue investing in manpower

Disclosing that it has increased salaries of its offsite and and onsite employees, Infosys Technologies today said it would continue to invest in manpower in view of its expansion plans.

Post-Lehman period, increment to employees by IT firms was a rarity and many of them had announced job or salary cuts.

"We will continue to spend on sales and marketing. We will continue to recruit," S Gopalakrishnan CEO and managing director told reporters.

Announcing the firm's quarterly results, he said the company had managed to absorb the cost of building a sales and management team and sustain its margins.

Infosys and its arms had seen a gross addition of 6,069 employees and net addition of 1,548 staff in the Q2, he said.

T V Mohandas Pai, Board Member and Head-HRD and Education and Research said "we have successfully completed the implementation of IRACE, our programme for growth-focused career architecture across the company, thus completely transforming our people strategy".

On attrition, a company official said attrition in parent company had been much less than the BPO where it was around 35 percent for the quarter. Attrition in BPO was a reflection of the industry but much lower than industry standards, he said.

The company had increased compensation by 8 per cent for offshore employees and two per cent for onsite staff. This was done with two goals in mind, controlling attrition and to provide employees the benefits of an improved situation, Gopalakrishnan said.