Assignment-01

Infosys

Infosys was established in 1981,when Mr. Narayan Murthy along with six
engineers decided to open a company with a vision to become a global IT
company.

It has its headquarters in Bangalore and offices all around the globe. Company
started with an initial capital of just USD 250 and achieved growth of USD 100
million in 1999 to become the first Indian IT company to be listed on NASDAQ. It
currently has 242.3K employees having 37.8% women. Infosys has global
presence in 46 countries and serves 182 of 500 fortune companies.
The company changed its name to Infosys Technologies Private Limited in April
1992 and to Infosys Technologies Limited when it became a public limited
company in June 1992.It was later renamed to Infosys
Limited in June 2011.

Its shares were listed on

the Nasdaq stock exchange in 1999 as American depositary receipts

Its annual revenue reached

US$100 million in 1999, US$1 billion in 2004 and US$10 billion in 2017

Its key products and services are:

• NIA – Next Generation Integrated AI Platform (formerly known as Mana)

• Infosys Consulting – a global management consulting service

• Infosys Information Platform (IIP) – Analytics platform

• EdgeVerve Systems which includes Finacle, a global banking platform

• Panaya Cloud Suite

• Skava

• Engineering Services

• Digital Marketing

Infosys HR Practices

• At Infosys, the first step in performance appraisal was to look at an employee's

skills for the tasks they were supposed to do during the time they were being
looked at. To figure out how well the employee did, things like how quickly
they did their work, how well it was done, how satisfied customers were, how
well their coworkers were, and how well the business could grow were looked
at.
• The HR department of Infosys is primarily responsible for training and
development. The company now employs over 20,000 people, and training
and development has always been a top priority for HR departments across
the board. The organisation is eager to provide its staff with outstanding
training possibilities. Though the HR department leads the way in terms of
training and development at Infosys, other departments also participate and
interact with HR. HR personnel are in charge of training and development,
which is done in accordance with the needs of various departments in various
geographic regions. Certain training contents, such as technology, business
expertise, company policies, and marketing, are overseen by training and
development specialists. The human resources department makes yearly
plans.
• The corporation placed a strong emphasis on employee satisfaction. Infosys
implemented a benefit scheme with the goal of achieving it. The financial
means of adding value to workers through compensation and benefits is on
par with the other two ways of adding value to workers: learning value-add
through education and emotional value-add through working conditions
(Delong, 2005). The company has worked hard to maintain its distinction as
an Employer of Choice or Best Employer since its inception (Delong, 2005).
• In addition, the firm has a very effective health platform. HALE (Health
Assessment and Lifestyle Enrichment) aims to provide monthly checks,
expert counselling, and a variety of classes such as yoga and stress
management to employees (Delong, 2005). In addition, Infosys looks after its
employees' leisure by hosting a variety of clubs that offer sports and cultural
activities.