Smaller tech firms start hiring

Techies rejoice, jobs are back. After the biggies, other tech companies are also starting to hire. Infosys, Wipro and TCS had reversed the trend during the December quarter when they added new employees in large numbers. Other players are now following.

On Friday, Mr John Chambers, CEO of Cisco said that the company’s plans to take up the total headcount in India to 10,000 were on track. Based on the current strength of Cisco in India, this would mean 4,000 new jobs.

Meanwhile, ITC Infotech, the technology arm of cigerette major ITC has said it plans to add 1,800 employees all over India by March next year. ITC Infotech is headquartered in Bengaluru but also has offices in Hyderabad and Kolkata. Cisco too, is based in Bengaluru. Infosys and Wipro added close to 4,500 employees each during the December quarter while TCS added over 7,000 employees. These firms have announced intention to hire another 50,000 in the coming year.

IT major Cognizant had added over 10,000 employees to its rolls in the same period. BPO firms too, have announced plans to resume hiring. Genpact is expected to hire 10,000 over the coming year. Nasscom expects the technology sector to add 100,000 new jobs in the coming year.

Most of the business for these companies is from outside India, and improvements in US and European economies has resulted in better growth prospects.

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India Inc on the road to recovery

 India Inc is on the road to recovery from the global downturn struck the world economy, with companies showing buoyancy on hiring and salary increases, a survey by global HR consultancy Mercer says.

 Corporate India is expected to witness an average eight per cent salary increase this year and as much as 50 per cent of companies have strong hiring plans for the next three months.

 India Inc’s hiring activity has picked up 4.1 per cent with IT, BPO and real estate sectors turning bullish after a long time, according to a report by job portal naurkri.com. Meanwhile, officials from several colleges say that firms such as TCS, Wipro, Infosys, HP, Cisco, Sapient, IBM, Convergys BPO and Symphony Services plan to hire in a big way.

 Infosys has announced an across-the-board salary hike and promotions with effect from October 1. When domestic salaries have risen by 8 per cent, onsite remunerations have gone up by 2 per cent. This is expected to reduce the company’s margins by 2 per cent in the next two quarters. Wipro is also looking forward to campus hiring by the end of the year.

 Outsourcing giant Accenture and India’s largest IT firm Tata Consultancy Services (TCS) have approached HR firms for large scale recruitment. In response to a rebound in IT outsourcing contracts, IT services provider iGate has also announced it plans to hire 1,500 people in the calendar year 2010.

 India’s fourth-biggest software exporter, HCL Technologies, said its revenues for the first quarter ended September 30, 2009, rose almost 29 per cent and is planning to hire 2,600 software engineers in October-December quarter to cope with a growing demand by expanding its existing service lines.

 The ITeS/BPO sector saw an increase of 18.3 per cent in hiring activity in September, while real estate and retail saw a rise of 36.8 per cent and 12.2 per cent, respectively.

 However, students are aware of the weak dollar and the impact of the credit crisis, and are ready to get placed with salaries ranging between Rs 1.8 lakh and Rs 5 lakh.

 Yahoo! India News