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It is learnt that Infosys, the country’s second-largest information technology services provider, has told its senior managers (project managers, senior and group project managers, delivery managers) to give the lowest performance rating (4 on a scale of 1-4) to the ‘underperforming’ 5 per cent as a part of the company’s consolidated relative ranking (CRR).
Though rock-bottom rankings are not unknown in the company, this is the first time that Infosys has made it mandatory. CRR is decided based on the employee’s appraisals which is done twice a year. “The recommendations have already been submitted this month,” a senior project manager working with Infosys said on the condition of anonymity.
Infosys Vice-president and Group HR Head Nandita Gurjar said there was no change in the policy but “…the percentage of employees who are given CRR 4 keeps varying every year between 1 per cent and 5 per cent based on their performance.”
The company has decided to implement a six-month mentoring programme for such employees after which it will decide their future based on the improvements they have made. As a part of this programme, each affected employee will be asked to work under the supervision of a mentor who is a senior executive.
During this period, the employee will not be given any important assignment, even though he will be allowed to work on the project where he is working at present. If the concerned employee is on bench, he will give all his time for the mentoring programme. During this time, the employee will get full salary as well as the regular allowances.
“While 50 per cent of such employees come back to the system, others get the message and quit voluntarily in most cases,” Gurjar said.
Hm…recession time.
Infosys is also forced to reduce the workforce. They are also affected by the recession. If it is continue for another year according to the current predictions almost 15-20% of Infosys people will loose job.
adi thettiyaal infosysum veezum….
Infosys is paying huge for its employees. salaries should get reduced to save the industry as well as people.
Not only Infy, all other companies in India
google vare pirichu vidunnu, pinneya infosys
Good prediction, at last it happened
Due to the poor performance, Infosys Technologies has given pink slips to 2,100 of its employees across the country, after an annual performance appraisal exercise concluded mid-March, reported The Times of India.
“The tolerance for non-performance has come down to zero,” said TV Mohandas Pai, Head of the company’s HR. “The appraisal was conducted for 60,000 of our employees. At the bottom, some 3.5 percent of the people were either out-placed or left the company. It is an annual scenario after every performance assessment. In fact, normally the bottom size is 5 percent,” he added. Trainees were not part of this exercise. Outplacement means off-loading excess/unwanted staff to another employer.
Infosys currently has an employee base of 1,05,000 which includes 45,000 trainees. During quarter ending December 31, the company had a total headcount of 1,03,078. Infosys had said a quarter ago that it would hire 26,000 people during fiscal 2008-09, more than what it had projected in the beginning of the year. During the third quarter, the company made a gross addition of 5,997 with the net intake being 2,772.
Infosys has made offers to around 20,000 engineering graduates for the current year. Infosys’ earnings for 2008-09 will be out on April 15.