After TCS, Infosys on a hiring spree — plans to add 18,000 freshers via campus placements

  • Infosys plans on hiring 18,000 fresh graduates via campus placements.
  • In 2018-19, IT giant hired around 8,000 employees — including 2,500 freshers.
  • Owing to the H1-B visa restrictions, the company hired 10,000 American locals in the US to sustain its operations.
  • The US accounts for 60% of the company’s overall revenue.
Infosys — second largest software exporter in India — is planning to boost its workforce with aggressive campus placements drives. It plans to hire nearly 18,000 freshers during this financial year, according to reports.

The technology major recruited 906 professionals during the first quarter. In the 2018-19, the IT giant hired around 8,000 employees — including 2,500 freshers. At present, Infosys has 229,000 employees across locations, ET reported.

As on March 2019, Infosys added 228,123 employees, of which 214,727 were deployed in service delivery roles, the company’s annual report said. However, the company witnessed a rise in the attrition rate to 23.4%.

The company offered over ₹10.2 million annual salary each to around 60 employees within the country.

TCS also added 12,356 employees in the company during the first quarter of the financial year — its highest ever in the last five years.

Global workforce expansion

As fewer of its employees are getting visas to work in the US, Infosys also recruited 10,000 American employees by the end of June quarter. The US accounts for 60% of the company’s overall revenue.

It is increasing headcount in the country after H1-B visa restrictions, Business Standard reported citing U B Pravin Rao, Chief Operating Officer. Infosys has over 2,200 overseas Indian employees making over ₹10 million annually.

According to the US think-tank Centre for Immigration Studies, H1-B work visas applied for by TCS, Cognizant and Infosys faced the most rejections.

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