HR head Krish Shankar, executive vice president and group head of Infosys, said the company today promotes freshers much faster and pays them much more.
“Earlier, a software engineer trainee who joined us would have got a 50 per cent compensation increase over three years. Now, given our early career rewards and accelerated growth, trainees get a 90 per cent increase in compensation over three years,” he said.
A digital engineer and a power programmer, who join with a higher salary package, are now available as jobs at IT services companies. Shankar, who retires on Tuesday after over seven years with Infosys, also said that software engineers used to be the only roles available to fresh graduates at IT companies.
“Power programmers make about Rs 6.2 lakh per annum when they join, and digital engineers make Rs 9 lakh. So, the proportion of freshers joining at Rs 3.5 lakh is coming down,” he said.
A new promotion track, called JL4, has been implemented, which allows freshers to reach mid-career levels in four years, rather than the 7-8 years they previously took.
Employees can switch to related or new professional paths through the Bridge programme. It is concentrated on developing talent pools in crucial areas and entails a rigorous selection process and subsequent skill building.
“Over the last year or two, we have spent time thinking about our value proposition. We have the Bridge programme and there is good demand for that. A lot of people are getting skill tags in these areas. Our promotions have also become faster. If the candidate is really good, then the rise can happen in two years,” he said.
“Artificial Intelligence is a big area we have. Other than that, we push people, based on the demand, to upskill in those areas. Sometimes, they have a choice about what to upskill in. Some will go based on the team and its needs. Each unit has a talent council on what reskilling has to be done,” he said.
Since cloud adoption has accelerated, the demand-supply gap for cloud talent has widened, making closing the cloud skill gap a top priority, Shankar said.
“We have seen a collective year-on-year growth of over 40 per cent in cloud professionals, data professionals, and cloud architects, and we continue to invest very heavily in these areas,” he said.