Sunday, October 28, 2012

“To help employees, we pay part of the variable pay in advance...”

V. Mohandas Pai on how Infosys manages pressing issues related to its huge and diverse work force

Almost all the business heads we talked to identified managing the hugely diversified workforce as one of the most critical challenges for Infosys. V. Mohandas Pai, Director and Head, Finacle, Admin, Human Resources, Infosys Leadership Institute and Education and Research discusses with B&E how Infosys continues to be ‘future ready’ from an HR viewpoint:

B&E: There have been reports in the media regarding Indian IT companies having laid off people unethically in the midst of recession. How have you handled laying off people to ensure that the pain they face is minimal?

VMP: There have been no ‘layoffs’ at Infosys so far. The employee separations have actually been on account of performance and re-structuring.

B&E: During recession, Infosys increased the variable component in pay. How did you manage the same?

VMP: Variable pay is dependent on the company’s performance and is paid out after the results have been declared. There has been no cut in variable pay at Infosys. What Infosys had been doing is, for the sake of helping employees with their cash flows, it pays a part of the variable pay for the quarter in advance. This was done with the understanding that the final amount would be calculated after the results and any difference adjusted. The amount of payment is decided at the beginning of the quarter.
 
B&E: As growth hits a bump, will Infosys back up its hiring commitments?

VMP: Infosys is meeting all its hiring commitments and is honoring the offers it has made at campuses.


Source : IIPM Editorial, 2012.

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