Human Resource Management

Human Resource Management Training and Development of Infosystem(P) Ltd.Priyanka Banerjee PGDM2-1523

1INTRODUCTIONIn 1981, seven engineers started Infosys Limited with just US$250.Infosys has a growing global presence with more than 194,000+ employees.Globally, they have 85 sales and marketing offices and 100 development centres as at March 31, 2015.Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 50 countries. N.R.Narayan Murthy and six engineers named Nandan Nilekani, N.S. Raghavan, Ashok Arora, K.Dinesh, S.Gopalakrishnan and S.D.Shibulal.

2Achievements:The First Indian Firm To List On Nasdaq.

The First To Offer Stock Options To Its Employees. The Company Crossed $1 Billion In Revenues For The First Time In 2004.

3Initiatives by Infosys: ESOP schemes

Salary and other incentives

Employee training

Employee engagement Other benefits.

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ESOP schemes

Employee Stock Option Plans :right to purchase a certain number of shares in the company at a predetermined price, as a reward for their performance.

Two types of plans ESOP1998 ad ESOP1999.

It has given Rs. 50,000 crore worth of ESOPs to its employees since the time it came into existence.

27% of companys equity is in the hands of employees.

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Salary and other incentives

Infosys has given an average hike of 6.9% to its employees. As per the provision of legal acts, there is an equal monthly contribution of the company to the employee provident fund which will help the employees to live a good life after retirement.

Various incentives like performance linked compensation program, gratuity benefits to its employees.

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Employee training

Infosys has an education and research department where it trains its employees.

There is also a lifelong training system followed by the company. The employees have to undergo training to be in verse with the changing technology.

Infosys Leadership Institute in Mysore where the employees are given leadership training just to enhance their leadership quality.

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Employee engagement

Infosys provide an environment of openness, meritocracy, fairness, transparency, honesty and accountability amongst employees.

It allows employees suggestions for policy framework of the company because they are the ultimate ones on whom these policies are to be implemented.

There is a town hall meeting in which the employees share their grievances and the company try to solve them as soon as possible.

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Other benefits

Extension of Maternity Leave- sending an email to the concerned authorities.

Easy Transfer.

No more formals.

Bridging communication Gap.

CRR-consolidated relative ranking.

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Strength

By examining with administrators about what sort of abilities and execution workers consent to accomplish ahead of time, representatives can know plainly what both them and their supervisors anticipate from them.

Workers have more options about what they need to create in Infosys and what their profession ways are. The estimation of Infosys is to make each client fulfilled.

Weakness

10The instructional meetings in Infosys are just for normal representatives, not for temporary workers.

The organization concentrates a lot on the aptitudes of its first-line representatives, and very nearly 80% of the preparation and advancement project are about occupation abilities.

Conclusion

11Infosys(P) Ltd. is an Indian multinational company founded in the year 1981. There are employees from over 32 countries and from 122 nationalities. In the year 2001, it was rated as the BEST EMPLOYER according to BUSINESS WORLD/HEWITT. In the company like Infosys where there are employees of various nationalities and from over 32 countries, it is generally tough to meet the needs and aspirations of employees.

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Conclusion

Goal congruence is not a piece of cake for any company especially big MNCs. Retaining that talent is very difficult due to increasing competition and attractive packages and allowances offered by competitors to acquire the best workforce for their job. They need to minimize the gap between the top management and low management.

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Recommendations

Organization aptitudes should in like manner be joined into Infosys' arrangement and headway activities, and more first-line labourer should have induction to it.

Preparing and advancement ought to cover temporary workers.Promote internal brand.

Give employees an opportunity to participate in key decision.Provide up to date information and tools.