On the sidelines of company's Q1 quarterly results which beat estimates on profit, revenues and margin fronts, Vishal Sikka, Infosys CEO, allays concerns among job candidates by reiterating that the hiring plans of the company in the US shall not amount to recruitment impact in India.
He further says the company which plans to hire as many as 10,000 US workforce for its Infosys' Americas operation in the next few years is unrelated to company's hiring outlook in India.
In India, the company as many as these candidates in not more than 2 quarters. Further supporting its statement, Sikka said that the company has already rolled out offers via campus placement to 19,000 people. On the new recruitments made, Pravin Rao, Infosys COO, said nearly 1000 employees have joining in the new FY until June. Sikka said "There is absolutely no slowdown in hiring in India. We have talked about 10,000 hiring in the US in two years, we do 10,000 hiring in India in less than two quarters," Sikka told reporters here. The company expects an addition of further 12,000-13,000 to its workforce.
For the month ending June, the company's employee strength stands at 1,98,553. On compensation front, CFO MD Ranganath, said the company has announced a good variable pay which has effected the company's margin by 1%.