Infosys Freshers Hiring 2024Infosys Freshers Hiring 2024 Infosys, the IT services giant, is considering the resumption of hiring freshers from campuses across the globe. This information was disclosed by the company’s Chief Financial Officer (CFO), Jayesh Sanghrajka, during the company’s 43rd Annual General Meeting (AGM). “Fresher hiring is a decision we take after considering the demand environment,” Sanghrajka said. He added that the company has also been hiring experienced professionals from the market in recent years. “We will continue like this this year as well,” he noted. Infosys’ reduced its graduate intake to 11,900 in the fiscal year 2024, down from over 50,000 freshers the company had recruited the previous year. This decline in hiring was attributed to the impact of the COVID-19 pandemic on the IT industry. However, with the gradual recovery of the IT industry, Infosys is now considering resuming its fresher hiring program. The company’s management will make a decision based on the demand environment, utilization, and growth prospects. In addition to the resumption of fresher hiring, Infosys is also considering the next pay hike for its employees. The company’s Chief Executive Officer, Salil Parekh, said that the company finalized a compensation hike for FY24 in November and is currently looking at the plans for FY25. The parameters that are being considered for the next hike include the inflation rate and the demand for IT professionals. Parekh said that the company will also consider the performance of its employees when determining the size of the hike. Infosys is scheduled to announce its first quarter results for fiscal 2025 on July 18, 2024. The company’s financial performance will provide further insights into its hiring plans and overall business strategy.
Updated on July 7, 2024 | 09:51 AM IST
Infosys Freshers Hiring 2024: Is the IT services giant planning to onboard freshers from campuses across the globe? Infosys Chief Financial Officer (CFO) Jayesh Sanghrajka commented on this during the IT major’s 43rd Annual General Meeting (AGM). “Fresher hiring is a decision we take after considering the demand environment,” he said.
Infosys Freshers Hiring 2024: Company to resume hiring across campuses globally? What did CFO say?
Infosys Freshers recruitment 2024: For the first time in 23 years there is an IT major Information System‘ the number of employees declined for the entire year, revealed the earnings report for the Q4 period of FY24. Infosys’s total headcount for FY24 stood at 317,240, down 7.5 percent from the previous fiscal year.
On the recruitment front, Infosys reduced its graduate intake to 11,900 in the fiscal year, down from over 50,000 freshers the company had recruited the previous year. CEO Salil Parekh said, “We recruited nearly 11,900 graduates in the year and ended the year with over 317,000 employees.”
Infosys Freshers recruitment 2024
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Does the company now have plans to onboard freshers from campuses across the globe? Jayesh Sanghrajka, Chief Financial Officer (CFO) of Bengaluru-based Infosys, commented on this at the IT specialist’s 43rd Annual General Meeting (AGM).
“Hiring new employees is a decision we take after taking into account the demand environment, utilisation, growth prospects, etc,” Sanghrajka said, adding that they have also been hiring from outside the market in the past few years, once they have gained more visibility on the demand.
“We will continue like this this year as well,” he noted.
Management also shared their thoughts on when employees can expect the next pay hike. Infosys Chief Executive Officer Salil Parekh said they finalized a compensation hike for FY24 in November. “And currently we are looking at the plans for FY25,” he stated.
Parekh further spoke about the parameters that are being considered for the next hike. They always include what is happening in the environment in terms of inflation and where we see, where the demand areas are, he added.
Infosys Q1 Results Date 2025
Meanwhile, IT services provider Infosys is set to announce its first quarter results for fiscal 2025 and report the results on July 18. “A meeting of the Board of Directors will be held on July 18 to approve and record the consolidated financial results and subsidiaries for the quarter ending June 2024,” the company said in a filing last month.
