MANAGEMENT OF HUMAN ASSETS AT INFOSYS

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MANAGEMENT OF HUMAN ASSETS AT INFOSYS*

"Our assets walk out of the door each evening. We have to make sure

that they come back the next morning." (Narayana Murthy, CEO Infosys).

At a time w hen organizations are debating the strategic importance of their human resources,

Infosys, a consulting and software services organization, includes its human resources on its

Balance Sheet to affirm their asset value1. Mr. Mohandas Pai, the Chief Financial Officer of

Infosys, provides a rationale for this practice:

"Investors examine financial and non-financial parameters that determine long-term

success of a company. These new non-financial parameters challenge the usefulness of

evaluating companies solely on traditional measures as they appear in a typical financial

report. Human resources represent the collective expertise, innovation, leadership,

entrepreneurial and managerial skills endowed in the employees of an organization. Our

representation is based on the belief that intangible assets provide a tool to our investors

for evaluating market-worthiness of Infosys."

As a know ledge-intensive company, Infosys recognizes the value of its human assets in

maintaining and increasing its competitive position. At the same time, Infosys realizes that