Hrm Practices at Infosys

14505 Words59 Pages
Human Resource Management Practices in

Infosys

INTRODUCTION

"Our assets walk out of the door each evening. We have to make sure that they come back the next morning."
(Narayana Murthy, CEO Infosys).

Infosys technology, a leading software company based in India, was voted as the best employer in the country in many HR surveys in the recent years. The company is well known for its employee friendly HR practices. Though Infosys has grown to become a US $ 2 billion company by the year 2006, it has still retained the culture of a small company. Infosys attracts the best talent from across the country and recruits candidates by conducting one of the toughest selection process. Infosys was one of the first companies to offer ESOPs
…show more content…
According to Narayana Murthy, what Infosys has on its side is "youth, speed, and imagination and [they] are constantly innovating in every area of [their] operation." The founders' efforts have been paying off. According to a California-based management consultant working in India, "Infosys has been critical in changing the mind-set of India." Transparency is one of the important values held by Infosys. A practice illustrative of this value is its very early decision to adopt the US GAAP standards, the most stringent standards, for reporting its financial results.
Hema Ravichandar, the Senior V-P of Human Resources, sums up the characteristics of the culture that distinguish Infosys from its competitors:
"Our emphasis on transparency and communication sets us apart from the prevalent family owned businesses operating in India at. Our emphasis on getting the employees' emotional buy-in into the company distinguishes us from the MNC's that have recently entered the Indian business scene."
The attempt to ensure emotional buy-in is evident in their effort to provide a self-sufficient work environment for their employees. Infosys inaugurated its facilities in Bangalore under the name of "Infosys City" in November 2000. Spread over 44.225 acres, it is claimed to be the largest software services campus in the world. It has the largest `video w all' in Asia which allows for video conferencing simultaneously from multiple centers. The
Get Access