ReportWire

Tag: vineet nayar

  • Infosys, Wipro, TechM onboarding delay: Former HCL Tech CEO Vineet Nayar says this has happened before

    Infosys, Wipro, TechM onboarding delay: Former HCL Tech CEO Vineet Nayar says this has happened before

    Vineet Nayar, former CEO of HCL Technologies, in a conversation with Business Today said that the delay in the onboarding of freshers at Indian IT companies is not a new thing and has happened before.

    Nayar said, “This, delay in onboarding, has happened multiple times when there are twists and turns in the demand environment. This has happened before as well when there is an opportunity turn for the negative or the positive.”

    Business Today has previously reported that Indian IT services companies Infosys, Wipro, Tech Mahindra, Mphasis, along with international companies like Accenture, Capgemini, Deloitte, and others have delayed the onboarding of new recruits by over a year.

    The former CEO of India’s third largest IT services company explained that employers are unable to predict the demand for talent accurately, which results in issues like delay in the onboarding of fresh recruits. 

    “Ability to predict a demand for talent really goes wrong. A new employee takes about six to nine months to get trained and be deployed on a project. And in the case of freshers, the offer is made on year in advance. Which means predicting at least 18 months in advance whether you would need that employee or not,” Nayar highlighted.

    The delay in onboarding at these companies is mostly a result of a drop in business demand. 

    Infosys responded to awaiting job claimants in an email saying, “Please be informed that we are allocating DOJ based on our business requirement. We will send you a joining communication at least 2-3 weeks prior to your joining date.”

    Capgemini also released a similar statement. It read, “We understand your grievance. Rest assured, we will be honoring all the issued Letters of Intent. Our onboarding process is aligned with client requirements & staggered over time to factor in project schedules while providing the right training to new joiners.

    Also Read: Infosys, Wipro, now Mindtree. IT professionals blame company for delaying onboarding – BusinessToday

    Also Read: Wipro, Infosys, Capgemini: Freshers await offer letters for up to 10 months after selection – BusinessToday

    Source link

  • ‘Infosys has thrown a challenge’: Ex-HCL CEO hails IT firm for allowing employees to take up gig work

    ‘Infosys has thrown a challenge’: Ex-HCL CEO hails IT firm for allowing employees to take up gig work

    Former HCL CEO Vineet Nayar, who recently said moonlighting was unstoppable, on Friday hailed Infosys for allowing employees to take up gig work with prior consent from managers. Nayar said Infosys by taking this move has thrown a challenge to other information technology firms in the industry, where dual employment is now becoming a trend.

    Infosys has allowed employees to take up assignments from establishments that do not compete with the company or its clients or pose any potential conflict of interest. This marks a departure from the stand the company had taken on moonlighting just weeks ago when it said it did not back the trend.

    Nayar said Infosys, the second largest software services exporter in the country after TCS, saw the moonlighting debate to be an avalanche that was unstoppable and reasonable. “It seems they figured out a way to let employees engage in gig work with prior permissions, thus taming the trend and turning it into a massive advantage for themselves,” he wrote on LinkedIn.

    A massive debate has erupted in the IT industry over moonlighting with some calling it “unethical” and “illegal” while others backing the trend saying there is nothing wrong in taking up assignments if a contract with the current company is not violated.    

    The former HCL CEO said what is smart about Infosys’ response is that they have understood the difference between conflict of interest and gig work. “Both are not the same and have to be dealt with differently,” he said.

     
    Nayar further said that he was sure Infosys employees would be happy that they now have a choice, they can engage in interesting exploratory work, and that their company is a first mover on a new trend. “Infosys will be happy that it gained many points on employee motivation while setting a process to ensure it does not harm its interests,” he added.

    By allowing external gigs, the former top executive said, Infosys has thrown a challenge to others in the tech industry “and is a winner on this one”. 

    “Rest will follow when they had an opportunity to actually lead,” Nayar said.

    Source link