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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IT majors to go on a hiring spree

Ajoy Mukherjee, vice-president and head (global HR), TCS. With improving business sentiment and revival in IT spends, hiring seems to be back in full swing at major software firms including TCS

With improving business sentiment and revival in IT spends, hiring seems to be back in full swing at software firms like Infosys and TCS.

While the country’s largest IT firm, Tata Consultancy Services (TCS) has made gross additions of over 21,000 people till the third quarter (Q3) of financial year 2009-10, Infosys plans to hire 24,000 in 2010-11.

“We have made gross additions of over 21,000 people, including subsidiaries till Q3 FY 2010. With utilizations at optimum levels (81.1 per cent, excluding trainees), we will look at aggressive hiring in the current quarter to match our talent needs with the business demand,” TCS vice-president and head (global HR) Ajoy Mukherjee told PTI.

In Q3 of FY 2010, TCS had made 7,692 net additions, compared with a net addition of 320 in the previous quarter.

According to Monster.com India MD Sanjay Modi hiring has gained momentum as forecasted. “Within Monster, in December 2009, we saw 33 per cent growth in job postings over November and 90 per cent compared to May in the software, hardware and EDP category,” Mr. Modi told PTI

With enhanced focus on domestic market, IT firms have got back to the hiring spree.

“Infosys will be hiring 6,000 people in Q4 FY 2010. Of these, 1,500-2,000 will be lateral hires. With this, the total gross hiring in FY 2010 will be 24,000,” an Infosys spokesperson said.

TCS, Dow Chemicals expand business alliance, create jobs in US

India’s largest software services exporter Tata Consultancy Services today said it will expand its strategic business alliance with US-based Dow Chemicals that will create new jobs in Midland-Michigan.

“Dow Chemical and TCS plan to form an innovative business alliance that will provide critical business services to Dow, its subsidiaries and joint ventures,” TCS said in a filing to the Bombay Stock Exchange.

As part of the alliance, Dow and TCS are planning to build a new service centre at a site near Dow’s global headquarters in Midland Michigan, the US. This would result in creation of new jobs.

The companies are planning to build a new facility, which will be a strategic service centre, next year that will accommodate 1,250 employees.

TCS would provide strategic services, which would include invoicing and data management to the US firm.

The said alliance is an expansion of the already existing business partnership between Dow and TCS. IT combines Dow’s chemical industry knowledge with the service delivery expertise of TCS.

Earlier in 2006, TCS entered into a partnership with Dow and set up the Mumbai Services Center to support the latter’s growth strategy and to provide transactional and operational services to its clients.

Campus placements set to pick up

 

Positive reports about IT industry raises students’ spirits

About 60,000 techies who passed out this year and offered jobs likely to be absorbed next year

Companies like TCS, ADB and Infosys already indicated their willingness to visit the campus


HYDERABAD: Engineering college campuses with good track record are ready to get hot in the ensuing winter season with companies set to land there for campus recruitments in the light of reports that IT industry is slowly coming out of recession effect.

However, this might be limited to good colleges that have already earned a name for themselves in the sector. “Top companies are enquiring for recruitment drives in the next two months and this should bring cheer to students,” says V. Uma Maheshwar, Placement Officer, Osmania University College of Engineering (OUCE). One has to wait and see in January only when companies would reach the campuses for recruitment in view of Nasscom’s request that recruitment drives should be held in the final semester only to let the students focus on studies.

Reports said that more than 60,000 engineering graduates who passed out this year and offered jobs earlier by top companies including TCS, Infosys and Accenture are likely to be absorbed early next year. This is in contrast to the fears that the actual absorption might get delayed. The recent survey of Nasscom also indicated that export revenues for the Indian IT industry recorded a growth of 16.3 percent registering revenues of $ 46.3 billion in 2008-09 financial year while the domestic segment increased by nearly 21 percent.

Raghavendra Mutalik, placement officer of Srinidhi Institute of Science and Technology (SNIST) agrees that top companies like TCS, ADB and Infosys have already indicated their willingness to visit the campus. Last year 307 students out of 602 from the college were placed and this was apart from off-campus recruitments.

The positive reports have raised the spirits of students too. Ramya, an ECE graduate this June from Sri Indu College of Engineering says the news has come as a big surprise to her and her friends. “Most of my friends have gone to US for higher education or will leave in two months in view of expected poor offers.

But things are looking better now,” she says.

Companies too seem to be targeting the 2009 batch students now as they can absorb them immediately. G. Sridevi, Placement Officer of VBIT says that companies are requesting them to arrange the 2009 batch students for their existing projects and want the 2010 batch for their future projects, which they think will be added next year.

However, students should not expect fat salaries like previous years. Mutalik says the number of intake in top companies might reduce.

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