Human capital: Infy 'measures' its employees

For the past 14 years, IT giant Infosys has been gauging the “real worth” of its employees. The Bangalore-based IT bellwether has used the Lev & Schwartz model— covering the present value of future earnings of its employees, discounted for productivity decline—to put a number on this seemingly intangible asset. “We want to give investors a complete picture of the real assets at Infosys,” says T.V. Mohandas Pai, Director, Facilities and Administration, Infosys.

Another intangible that Infosys is trying to pin a value on is its brand, a key driver to retain customers and talent. For the last fiscal, Infosys pegged its brand value at Rs 32,345 crore or 42.7 per cent of its market capitalisation. While it’s not a bad record, it is still not as good as global giants such as Google who topped the Financial Times’ third annual “Brandz top 100 Most Powerful” list with a brand value of $100 billion on a market cap of $84 billion.

—Rahul Sachitanand