So it requires a Narayana Murthy to ask non performers in Infosys to leave!! Hmmm...
Software services giant Infosys,
which employs 1.5 lakh people, may hand over pink slips to those who “did not
add value” despite “high salaries” as it looks to cut costs and increase
operational efficiency.
Infosys
Executive Chairman N.R. Narayana Murthy, who returned last June from retirement
to head the firm and put it back on high growth trajectory, said that employees
hired at huge salaries, but not performing, be asked to leave.
“One of my
tasks was to ensure that the identified people who were receiving very high
salaries but were not contributing as much as we wanted, were either given
opportunities where they can add value to the company or they could seek
opportunities elsewhere,”
“Our costs have ballooned very rapidly in the
last 2-3 years. For example, on-site compensation was 36 per cent of the
overall revenue in 2010-11 and it went up to 46.3 per cent in 2012-13... A part
of it was because we hired people at high salaries outside India and these
people did not add value to the company,” he said.
On return,
Murthy initiated a major organisational restructuring which saw eight top-level
exits including that of Americas head Ashok Vemuri and BPO head V Balakrishnan
in the past six months.
Mr. Murthy
told analysts that Infosys would have a new chief executive by March 2015 when
co-founder and present CEO SD Shibulal retires. “The new CEO will be in place
by the time Mr Shibulal is ready to leave, sometime in March 2015, and I will
be available for him to ensure that there is a proper transition,” he said.
Source: The Hindu
~ Satish Chathanath Call : 9884011654 Mail : csadhy@yahoo.co.in
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