With an idea to revamp
its decade old hierarchical system, Infosys started an initiative called ‘Talent Strategy 2015’ in September
2010, which conducted a three-month survey among its employees with a focus
to create a talent related strategy
for the organization. Along with survey employees voiced their opinion and
suggestions via internal blogs, essays etc. ‘Talent Strategy 2015’ is a
part of company’s five-year plan to ideate talent management paradigms and
practices required for Infosys of 2015. The inspiration came from James Surowiecki’s book Wisdom
of Crowds and
the idea is that decisions taken by groups are often better than
those made by an individual. Infosys will apply this principle to improve
revenue per employee, deal with the large number of global hires, decentralize
and democratize ideas and inputs, to make internal processes more flexible for
its young employees, and stem attrition.
Through the
survey, employees were asked to define the policies and initiatives they
wanted. A 100-member panel from different business verticals and geographies
along with business heads will look for ways to implement the ideas that have
been accepted and the panel included employees between ages of 21 to 53 years,
with tenures of half-a-year to 15 years. Some of the initiatives that were
started after the survey are a team was set up to design a tool that will
measure an employee’s productivity when they are working with mobile phones,
Blackberry and iPad, create an internal job market where an employee can see
the roles available and the compensation being offered for such roles,
employees wanted to know the exact billing amount their roles generated, and
the company also tweaked the talent retention policy as per the survey
feedback.
Two reasons that prompted Infosys to take this initiative
was higher attrition levels in 2010, changing demographic of its employees as
thousands of freshers straight away from campuses across the country are
joining and the rise of social media and adoption of social tools by younger employees
being very high and they wanted to use the social media in doing their jobs,
collaborate and share knowledge and build relationships with clients and service
them better. Advantage for Infosys is that implementing social media tools and
employee engagement models will
improve the employee satisfaction and clients can also benefit, with employees
collaborating with them and provide better services quickly. Global peers IBM
and Accenture have generated significant ROI through adoption social media and
tools in their organization and encouraging employees to use such tools.
Infosys launched Talent Strategy 2015 in February 2011 and
announced that the goal of this program is revamping its decade old
hierarchical system and making internal processes more flexible for young
employees this year to stem attrition and attract talent. Infosys expects to see good results of these measures
within the next 18 months and the company wants to stem attrition of employees
particularly with 3-8 years experience and attract more experienced and skilled
professionals into the organization. Analysts and other experts were very
skeptical about the Talent Strategy but Infosys believes that in this strategy
and are actively implementing through initiatives like Infy Bubble, Radio etc.
Infosys Bubble was launched in June 2011, is a combination
of Facebook-like social networking features such as sharing pictures and moods,
combined with Twitter-like capabilities to “follow” others. Around 80,000
employees have already signed on to “connect” at professional (“need advice on
Java tools”) and personal levels. The site allows employees to connect with colleagues across the globe and also
allows employees to post personal comments on any individual or senior
officials. The social platform has 2, 61,030 connections and has 74,376
profiles. Infosys is trying to tap the wisdom of 20,000 former employees
through this platform and hopes to gain more perspective on organizational
problems from seasoned hands. Infosys Bubble is based on corporate
social-networking platform; iEngage developed by Infosys and is built on top of Jive Social Business Software. Infosys iEngage can be deployed
through Infosys cloud or client cloud in the SaaS model.
Infosys has launched its own radio station Infy Radio, which enables the staff to listen, request and dedicate favorite tunes. The radio station operates from 11 am to 7 pm and to tune in, employees have to download an application on their iPod or other handheld devices and plug in their earphones to listen to their favorite tracks. The radio service will run five days a week and will be a combination of Hindi and English music, RJ talk, Infy-related communication, leadership interviews. The proposal was made by members of our Voice of Youth Team during a strategy meeting in 2009. It is launched as a pilot inBangalore and will be taken to other
campuses in India
over the next three months.
Infosys has launched its own radio station Infy Radio, which enables the staff to listen, request and dedicate favorite tunes. The radio station operates from 11 am to 7 pm and to tune in, employees have to download an application on their iPod or other handheld devices and plug in their earphones to listen to their favorite tracks. The radio service will run five days a week and will be a combination of Hindi and English music, RJ talk, Infy-related communication, leadership interviews. The proposal was made by members of our Voice of Youth Team during a strategy meeting in 2009. It is launched as a pilot in
Infosys has joined a string of companies seeking to make
better use of employees' experience and knowledge and Infosys Bubble gives
widely scattered employees a new way to collaborate and also encourages
innovation. These social platforms contain similar features as public social networks
like Facebook, Twitter, and Google+ and also overcome barriers to
communication, such as location and position within the organization. Companies
believe that employees are a competitive edge for the business and employee’s
ability to make more decisions and take part in the organization strategy
formulation will be added advantage for the organization to innovate and
survive in the highly competitive world. Infosys is trying to use the social
media to stem attrition, encourage employee participation and motivate them to
strive even more for organizational growth and ultimately recruit the best
talent. Infosys is seriously adopting the Wisdom of Crowds framework seriously.
Discussion points:
- What will be the role of social media in employee’s engagement and how to profit from it?
- Will the social media strategy and
Wisdom of Crowds work for Infosys?
- How internal social media can be used
in customer relationship management and how to involve them?
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