Each Infosys employee worth Rs 97 Lakh!

The value of human resources is evaluated on the basis of present value of future earnings of employees

 

Each employee at IT bellwether Infosys Technologies is worth as much as Rs 97 lakh, mainly based on the potential value of his/her future earnings. The IT major's total value of human resources, which includes both software professionals and support staff, is pegged at Rs 1,02,133 crore for the fiscal ended March 2009.

 

According to the company's annual report, the human resources' value of Rs 1,02,133 crore during fiscal 2009 was for 1,04,850 employees during the same period. On average, the same translates into a value of about Rs 97 lakh for each employee. The value of human resources is evaluated and based on the "present value of future earnings of employees" and few other factors, the company said.

 

For the fiscal year ended March 31, 2008, the value of human resources stood at Rs 98,821 crore while the total work force of the company stood at 91,187. In FY 2009 the number of software professionals and support staff stood at 97,349 and 7,501 respectively, the report said. Employee compensation includes all direct and indirect benefits earned both in India and overseas and the incremental earnings based on "group or age" are among the assumptions take into account, it added.

 

Source: The Economic Times