Infosys On Hiring Spree Abroad
When most IT companies have deferred their hiring plans, Infosys technologies is expanding its overseas centres with lateral hiring. The company has appointed country managers in France and Germany who will assume post from January 2010.
Talking to CXOtoday at the Nasscom’s Diversity and Inclusivity Summit 2009, Nandita Gurjar, senior vice-president and group head, human resource, Infosys Technologies said, "language is a big issue in these European countries and so appointed local talents as country managers who will intern appoint others. These managers will interact with the local CXOs to bring business."
Gurjar said the company has already hired 100 locals in these two countries. These two centres were headed by four regional managers earlier who reported to B.G. Srinivas, head of European operations, Infosys Technologies.
After the global economic crisis started last year, most IT companies are trying to expand their operations outside the US to reduce dependence on that market. Though Europe too was hit hard by the slowdown and is lagging the rest of the world in a recovery, Indian outsourcers consider it as a market with huge potential for low-cost services.
Lately, Infosys has been on the lookout for acquisitions in France and Germany to expand its operations in Europe, but analysts said valuation expectations of potential targets are damping the plans.
Infosys being India’s second-largest software exporter by revenue gets about 66 percent of its revenue from the US and 23 percent from Europe, while its home market contributes just 1 percent.
In the United States wherein Infosys has 17 centres, the IT major has hired 1000 laterals across the US during 2009. "In fact, 250 of these have already joint us while the rest will join in 2010 and these are employees with 3-7 years experience," said Gurjar.
In China too which has been the hot bed for most IT companies, Infosys has been hiring local talent for its two centres in Shanghai and Hunza.
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