IT bellwether Infosys Technologies today said it has increased its headcount by 4,429 employees in the last three-month period.
The company had hired 8,719 employees in the December quarter, but after taking into account attrition and other factors its net addition nearly halved.
"During the quarter, Infosys and its subsidiaries added 8,719 employees (gross). The net addition during the quarter was 4,429," the company statement said.
As on December 31, 2009, Infosys and its subsidiaries have a total of 1,09,882 employees on board, it added.
The company said it has adequate employee strength to meet the market demand.
"Our strategy of investing in enhanced training during the downturn has enabled us to grow rapidly as the recovery begins," Infosys Member of the Board and Head – HRD and Education & Research T V Mohandas Pai said.
The company's board has appointed Marti G Subrahmanyam as the 'Lead Independent Director' with effect from today.
The company witnessed a decline in attrition rate to 11.6 per cent in the third quarter of this fiscal from 11.8 per cent in the corresponding period in the previous fiscal.
However, on a quarter-on-quarter basis the employee attrition rate has increased from 10.9 per cent in the July- September period.
Although on an year-on-year basis, the IT firm's total employees increased by over 6,800 to 1,09,882 at the end of December 2009, the headcount in the BPO division, however, witnessed a marginal decline.
Infosys BPO's employee base for the December quarter stood at 16,874, where as in the corresponding quarter a year ago it was 16,033.
The number of trainees have increased since the beginning of this financial year from 8,694 to 10,045.
