Bangalore: As an outcome of the global financial turbulence, Infosys has placed around 5000 employees or five percent of its total workforce under the scanner, globally. About 40-50 sales executives have also been asked to quit in the last two months.
The Indian IT giant has told its senior managers (project managers, senior and group project managers, delivery managers) to give the lowest performance rating (4 on a scale of 1-4) to the `underperforming` five percent as a part of the company`s consolidated relative ranking (CRR). The company has made such ranking mandatory for the first time, and the ranks will be given on the basis of the employee`s appraisals which is done twice a year. "The recommendations have already been submitted this month," a senior project manager working with Infosys told Business Standard on the condition of anonymity.
Commenting on the issue, Infosys Vice-President and Group HR Head Nandita Gurjar said there was no change in the policy, and the percentage of employees who are ranked four in the scale varies every year between one percent and five percent. The company has decided to implement a six-month mentoring program for such employees after which it will decide their future based on the improvements they have made. As a part of this program, each affected employee will be asked to work under the supervision of a mentor who is a senior executive. "While 50 percent of such employees come back to the system, others get the message and quit voluntarily in most cases," Gurjar said.
Source:
http://www.siliconindia.com/shownews/5000_Infosys_employees_under_scanner-nid-51
The Indian IT giant has told its senior managers (project managers, senior and group project managers, delivery managers) to give the lowest performance rating (4 on a scale of 1-4) to the `underperforming` five percent as a part of the company`s consolidated relative ranking (CRR). The company has made such ranking mandatory for the first time, and the ranks will be given on the basis of the employee`s appraisals which is done twice a year. "The recommendations have already been submitted this month," a senior project manager working with Infosys told Business Standard on the condition of anonymity.
Commenting on the issue, Infosys Vice-President and Group HR Head Nandita Gurjar said there was no change in the policy, and the percentage of employees who are ranked four in the scale varies every year between one percent and five percent. The company has decided to implement a six-month mentoring program for such employees after which it will decide their future based on the improvements they have made. As a part of this program, each affected employee will be asked to work under the supervision of a mentor who is a senior executive. "While 50 percent of such employees come back to the system, others get the message and quit voluntarily in most cases," Gurjar said.
Source:
http://www.siliconindia.com/shownews/5000_Infosys_employees_under_scanner-nid-51
