Bangalore: Infosys Technologies'' employees have been valued at a little more than Rs57,000 crore, up 23 per cent from the last year. At the end of FY07 the company had about 73,000 employees, a growth of 37 per cent over the previous year.

With a net addition of about 20,000 employees, the return on per employee basis has moved up to 6.7 per cent from the earlier 5.3 per cent mainly on the back of the sturdy systems and processes that the company has put in place to optimise better returns from their employees.

The company paid out a total of a little over Rs7,000 crore as salaries during the year, the ratio of employee cost to value of HR went up to 12.4 per cent from the earlier 10.3 per cent.

The human resources valuation has been carried out using the Lev and Schwartz model, based on the present value of the future earnings of employees.

It is also based on the following assumptions: employee compensation (all direct and indirect benefits earned both in India and abroad); incremental earnings (based on group and age) and future earnings have been discounted at the cost of the capital of 14.97 per cent, Infosys said in its annual report for 2006-07.

Infosys'' brand value is now at Rs31,617 crore, up 38 per cent when compared with the value last year.