Infosys Technologies, a leading software company based in India, was voted the best employer in the country in many HR surveys in the recent years. The company was well known for its employee friendly HR practices. Though Infosys grew to become a US$ 2 billion company by the year 2006, it still retained the culture of a small company. Infosys attracted the best talent from across the world, and recruited candidates by conducting one of the toughest selection process. All the selected candidates were required to go through an intensive 14 week training program. All the employees were required to undergo training every year, and some of the chosen employees were trained at the Infosys Leadership Institute to take on higher responsibilities in the company.
Infosys was one of the first companies to offer ESOPs to its employees. The company followed variable compensation structure where the employees? compensation depended on the performance of individual, the team and the company. The case highlights many
such best practices of Infosys in human resource management. It also discusses the challenges faced by the company to retain its talented workforce.
In November 2005, Infosys Technologies Ltd. (Infosys), based in Bangalore, India, was named ?The Best Company to Work for in India? by Business Today magazine in a survey conducted by Business Today, HR consulting firm Mercer5, and international market research firm TNS6 .
Infosys had been adjudged the ?Best Company to Work For? in 2001 and 2002 but had lost this position in the next couple of years (Refer Exhibit I for the ?Best companies to work for in India? from 2001-2006). In the ?Best Employer? survey conducted by Dataquest7-IDC8 in the year 2006, Infosys was adjudged the ?Dream Company to Work for.?
Moreover, Infosys was also recognized globally and featured among the top 100 companies in Computerworld?s9 ?Best Places to Work for in IT ? 2006?.
For participating in this survey, the companies?
Source: http://nyessay.com/uncategorized/human-resources-managent-in-infosys/
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