“But that percentage is very low,” he told reporters after delivering a power talk to the students of Great Lake Institute of Management on Monday. “Our employees have, of course, been assessed periodically based on their performance. With the business situation being challenging now, and client demands increasing, the performance thresholds are bound to go up,” he said.
The company’s bench utilisation has declined by about five percentage points from 80% to 73-75%. “So, we train our staff on two technological specialisations instead of one, as we usually do,” Mr Gopalakrishnan said. The company recently announced that it would increase its training duration for employees from 16 weeks to 29 weeks. Mr Gopalakrishnan added that there would be a real challenge in terms of finding trainers for the extended period.
Meanwhile, Infosys co-chairman Nandan M Nilekani said in Bangalore that Indian IT sector’s compounded growth rate has slumped to 20% from 30% due to the global meltdown. Mr Nilekani was speaking at the Dr VKRV Rao Memorial Lecture on ‘India at the Crossroads: The Choice Before Us’ to mark the founders’ day of Indian Institute of Socio-Economic Change in Bangalore.
He said the IT sector, along with other industrial sectors, was currently going through an unprecedented crisis, making it difficult to predict how long it would take for a turnaround.
IT sector, which grew at a phenomenal pace from a mere $50 million in 1991 to over $40 billion currently, was severely hampered by the economic downturn, which had also impacted the job buoyancy. “We can still come out of the slump as the need for technology and innovative solutions to tackle complex problems has assumed greater importance and urgency,” he said advocating concerted efforts and greater investment on improving human capital.
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