• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy
• Books
• Gallery

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Mr T.V. Mohandas Pai

Our Bureau

Bangalore, July 11 The Government’s move to extend the STPI scheme in a yearly instalment for the past two years has cost the nation some 200,000 jobs, said Infosys HR head, Mr T.V.Mohandas Pai.

Mr Pai said the government should have extended STPI scheme for a continued period of five years. “The extension in bits and pieces had no meaning as no one makes investments based on this,” he added.

Lack of clarity on the issue has forced the Indian companies to expand their operations in South East Asia. “The captives of multinationals which employ a large chunk of India IT work force have stopped growing while the new ones are not coming into the country,” Mr Pai said.

Mr Pai said the decline in requirement for on-site personnel due to weak business environment has forced the company to apply for only 405 H1-B visas as compared to 4,000 in the previous year. The rhetoric around protectionism has come down slightly in the US although concerns remain, he said.

Infosys added 3,548 employees during the quarter on a gross basis, while the net-addition saw a decline of 945 due to a one per cent increase in involuntary attrition. About 671 employees were outplaced on performance issue, some 750 left the company to pursue higher education, Mr Pai said. He added that the net decline in employee additions was not something worrisome and not a trend at the moment. Infosys expects to add some 5500 trainees during the September quarter.

“We have invested more in training to enhance our productivity. We are also honouring all our earlier offers,” Mr Pai said.

More Stories on : Human Resources | Infosys Technologies Ltd | Software | Policy

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line