BANGALORE/MUMBAI: The prospect of a 'new, improved' Infosys is seen leading to a surge in job applications at the software firm, even in tepid market conditions. Infosys has seen a 39.1% drop in job applications in FY13 compared with the previous year. But healthy salary raise of 8%, a 3-year 'daunting' roadmap chalked out by executive chairman Narayana Murthy may lead to a spike in the company's image as a preferred employer.
"Infosys may not demand so many employees but it will see at least a 20% increase in inbound resumes, specially at lower levels and the middle management," said Surabhi Mathur Gandhi, senior vice-president of TeamLease.
The rush will extend across profiles. "It may be the same coding or testing work, but outsiders will want to be part of the changes that Murthy will bring in; and this will not happen if they are working for competition," says Aditya Narayan Mishra, president - staffing and director, marketing, Randstad India.
The number of job applicants at Infosys has seen a steady decline since FY11, when it was at 8,29,800. It plummeted to 6,22,971 in FY12, and in FY13, it dipped further to 3,79,000.
The situation is likely to be very different now. "More people will be interested because the original founder is back. He was one of those who built the company from the ground up and they expect him to do something radically different to get things back on track," says Debabrat Mishra, director, Hay Group, India. But Mishra too added that since old team remains the same, those at senior levels will still not be too keen to apply as they will see limited scope for growth.
The company has also not mentioned if applications per opening have seen a dip or remained the same. On an annualised basis, the firm has hired 37,036 employees in FY13 compared with 45,605 in the year-ago period. Besides, CEO and MD, SD Shibulal had said the company will maintain its 70:30 ratio of freshers to laterals, wherein 70% of freshers will come from campus while the rest will be off-campus.
Off campus students are those who do not get placed during campus interviews and companies get to pick them later from the remaining pool.
But even if markets are constricted and openings reduce further, competition will have to be on guard. "When a rejig happens, the employer takes stock and then moves forward. One defines new thrust areas and Infosys is at that stage now. Murthy's redefining brand image will attract talent," says Sanjay Modi, managing director (MD), Monster.com (India, Middle East, Southeast Asia)
Kelly Services too predicts a 20% increase in applications. Nearly seven years ago, tapping an Infosys employee for a job shift was difficult, but that became easy later with other companies and sectors stepping up. Now it may go back to old times, says Kelly MD, Kamal Karanth .
An email sent to Infosys remained unanswered.
Source: Times of India