Infosys hiking employees for leadership roles

New Delhi: In an attempt to groom employees for leadership roles in its various ventures, IT bellwether Infosys is pumping more money into internal training. After increasing the training time by 10 weeks to 29 weeks, the IT major plans to increase its training budget by 24 percent next fiscal to $230 million, reports Economic Times.

According to T.V. Mohandas Pai, HR Head and Director of Infosys, the company plans to reward employees by offering more leadership positions. In the current fiscal the company filled over a dozen leadership slots through its internal, 'open market place for leadership' initiative. Most recently, the Senior Vice President of its BPO arm, Swaminathan Dandapani, was elevated as CEO of Infosys BPO.

By increasing training time, Infosys, which provides technology services to major companies around the globe, is preparing employees to handle the large transformational contracts. "We want employees to understand context of the customer, equip them with better business acumen so they can offer solutions and options for clients and not just routine services," said Tan Moorthy, Vice President and Head (Education and Research), Infosys.

The transformation type of contracts, like the ones that IBM and Accenture do, call for understanding the way customer does business and try and evolve new and better ways to do it, which is different from traditional system integration, testing or coding kind of projects that technology firms like Infosys have been used to. A strengthening rupee and higher employee costs are also forcing companies like Infosys to go for the higher value services and eventually delink revenue and manpower growth.

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