Rise in HCL Infosystems’ staff CVs on job portals points to rejig
HCL Infosystems’ exit from PC manufacturing and the ongoing organisational restructuring have prompted many staff to post resumes on job portals.
In the past one month, there has been a substantial rise in the number of resumes with ‘active’ status on job portals. According to a director at a third-party staffing firm, there were around 2,500 active resumes in just one job portal that have been updated in the last 15 days and over 3,300 that were updated in the last one month. “It’s quite a large number for a company of that size,” said the director, requesting anonymity.
According to the person, these resumes ranged from one-year experienced engineers to senior-level ones, with more than 10 years of experience.
“A lot of my colleagues have been asked to leave, I have only one month to find a job because the company is expected to lay off more people as it looks into restructuring and starts its new financial year in April,” said an employee requesting anonymity, who has been at HCL Infosystems for over four years now.
“Post restructuring in November 2013, HCL Infosystems has a sharper focus on distribution and services business with a continued engagement in PC & Mobility business-albeit from a distribution perspective. Hence, large teams from the PC and Mobility business have been reskilled with this objective,” said Rothin Bhattacharya, executive vice-president, strategy and M&A at HCL Infosystems, in an emailed statement.
“By executing on our focus on both distribution and services business, we intend to hire 1,000-1,500 new people in 2014. We have, in fact, invested heavily in a training campus in Hyderabad which can churn out over 3,500 resources per year at current capacity,” he added.
Bhattacharya said the company at an overall level had seen a significant increase in head-count over the past two years and the attrition rate of the organisation remains healthy and well below the industry norms. Industry analysts and consultants have different views.
“HCL Infosystems is now giving a push in managed services and cloud-related services. And typical to any restructuring, where focus is towards optimisation and focus to newer areas, there will be a few redundancies and overlaps that will come in terms of functions and skillset,” said Sanchit Vir Gogia, chief analyst &CEO, Greyhound Research.
“And this is very much expected, especially at HCL Info that has been under pressure from revenues and sales perspective,” he added. While standalone net profit rose to Rs2.3 crore for the quarter ended December 31, 2013 from Rs1.5 crore in the previous quarter, sales declined to Rs1,438 crore in the reported quarter compared with Rs1,596 crore in the previous quarter and Rs2,472 crore in the year-ago quarter.Vivek Punekar, HR head at HCL Infosystems said: “We have done fundamental changes in the restructuring, all products moving into distribution and all our IT business into services model.”
In distribution business in the first half, which is July-December quarter, the company hired more than 270 people, and net addition was 258. Distribution will have 1,200 people and there was no plan of changing the business model there.
In services, the company has more than 10,000 people and adding to the tune of 400 people per month. Overall employee strength was around 15,000 people, where the permanent staff, however, was around 8,000 people. The hiring has been “a little bit” on the temporary side, Punekar added.