Infosys to grow workforce to 4,000 employees including nearly 500 graduates

22 November 2018 Consultancy.com.au

Infosys’s growing presence in Australia has just become far more obvious. The next-generation technology services and consulting firm has announced their intention to grow their workforce by over 1,200 earlier this week, with 40% of those newly created jobs reserved for graduates.

Bangalore-based Infosys earlier this year announced the grand slam partnership with the Australian Open, taking over the reins from IT heavyweight IBM. Infosys, who have been active in Australia since 2003 and have played a heavy role in the government’s digitisation push, have now dropped another groundbreaking announcement, which includes the development of three Innovation Hubs across Australia.

Infosys already has a presence across ANZ with offices in Brisbane, Canberra, Sydney, Perth, Auckland and is headquartered in Melbourne. Whilst it has not been revealed where the new Innovation Hubs will be located, the firm has let it slip that they’re expecting to grow by 1,200 IT jobs in Australia by 2020.

Of this number, the firm says that around 40 per cent will be Australian university graduates from a range of fields including Computer Science and Design. They’re currently busy strengthening their academic partnerships to attract top graduate talent and accelerate digital skill building in Australia.

“Today marks an important milestone for our company in our 20 year journey in Australia,” said Pravin Rao, Infosys’ COO at a press conference earlier this week. “As a key technology partner of Australian business, we are proud to announce our commitment to accelerating digital skills in the region through the creation of 1200 skilled jobs, the development of our new Innovation Hubs and our deepening partnerships with academia.”

Infosys to grow workforce to 4,000 employees including nearly 500 graduates

According to Rao, the innovation hubs will serve as a platform which brings together Infosys’ clients but will also be open to academics, students and the public sector. By creating an open environment which fosters innovation and co-creation, the hubs will help position Australia in terms of industry 4.0 capabilities.

By equipping Australia with a strong foundation to meet rising demand for expertise in emerging technologies, the firm will solidify its position as a industry leader and drive economic growth. The hubs will focus on areas such as machine learning, artificial intelligence (AI), user experience, cyber security, digital platforms, big data and cloud.

Karen Andrews, Minister for Industry, Science and Technology, commented on the announcement, saying, “I welcome Infosys’ decision to create 1200 IT jobs in Australia by 2020. It’s a great vote of confidence in our economy and the Coalition Government’s commitment to jobs of the future, that a company of Infosys’ global standing would make this kind of investment here”.

Graduation to full time work

The firm’s announcement that 40% of the intake will be fresh graduates comes during a period of increasing uncertainty for young Australians. According to a report released earlier this year by the Foundation for Young Australians (FYA), it now takes graduates an average of 4.7 years to transition from education into full time work. Young Australians have also been portrayed as an army of dole-bludgers draining the country’s economy by the mainstream media.

The gap between university and full time employment is said to cost the Australian economy roughly $15 billion in lost GDP per year. With this in mind, the nearly 500 new jobs for graduates is a rare win for young Australians who are either unemployed or under-employed after university.

“Continuous education is a collective effort and we are proud to work with the government, academia and local communities to help build and shape our next-generation of entrepreneurs and innovators”, said Andrew Groth, Senior Vice President for Infosys Australia and New Zealand.

“Building our Australian talent pool is already underway. So far, we have recruited 75 graduates, and more than half have completed their induction training and are ready to be placed on strategic client projects. Under this program, graduates start their Infosys learning journey in our Sydney and Melbourne training centres. They can choose from high demand areas, including artificial intelligence, machine learning, user experience, cyber security, cloud and big data,” he concludes.

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Big Four firms make it to the list of Australia's top 25 employers

18 April 2019 Consultancy.com.au

LinkedIn has come out with its top 25 companies to work for in Australia, and the Big Four accounting and advisory firms all feature on the list. The financial services sector emerged as the most popular, with the top four all being occupied by banking and financial services institutions. 

The list of top companies to work for is prepared for a number of major markets across the globe, and is based on four primary metrics to measure a firm’s popularity. The first is overall interest in the company, measured by the number of visits a firm’s LinkedIn page receives from outsiders.

The second is employee engagement, which examines how many outsiders view the profile of a company’s employees. Thirdly, LinkedIn records the number of applications received by a firm for each opening that it posts, in a bid to measure job demand at the firm. The last metric is employee retention, which is measured by the number of employees that remain at a firm for more than a year. 

All of the Big Four accounting and advisory firms have made the top 25 this year, which corresponds with a drive to employ young talent in these organisations. Early this year, it came to light that the Big Four were cumulatively planning to hire more than 2,500 graduates across the first half of this year.Big Four firms make it to the list of Australia's top 25 employersEngagement with these firms is a highly competitive process, helped along by the prestige and recently introduced comfort that the jobs bring with them. EY placed the lowest of the four on LinkedIn’s list – at 13th – although this might change for next year following its announcement in March this year that employees could potentially take as much as 12 weeks of unpaid leave per year in the future. 

KPMG Australia was just ahead of EY, placing in 12th, while Deloitte and PwC made it to the top 10. Deloitte Australia placed in 8th, which can be attributed to a renewed focus in the firm on innovative human resources mechanisms, with the objective of becoming “the most inspiring firm to work with — for its people, its clients and its communities.”

PwC Australia, meanwhile, was the highest ranked accounting and advisory firm in the country in 6th place. Nevertheless, sixth position represents a dip for PwC, given that it has topped the entire list for two years in a row before this. The firm’s popularity is often attributed to its flexibility with employees considerations.

The top four positions on the list were all occupied by banks, namely the Westpac Group, National Australia Bank, ANZ and Commonwealth Bank in that order. Other big global names on LinkedIn’s list for Australia are Salesforce in 9th and global ecommerce giant Amazon in 10th.