During the quarter which ended in December last year, major IT companies in the country have added close to 33,000 professionals. Infosys Technologies alone snapped up over 11,600 professionals on a gross basis during this period, (Reported Business Line.)
Tata Consultancy Services (TCS), Infosys, Wipro and HCL Technologies, four IT exporters who have declared their results for the October to December quarter, have logged a combined gross hiring of over 32,800 professionals, while the net additions add up to over 16,800.
The hiring for the full industry is expected to be 4,50,000 to 4,70,000 people in FY09, against an estimated 4,30,000 this year. However, the supply of lateral hires was limited and industry depends largely on freshers, who graduate once a year.
According to TCS, the hiring in FY09 will be almost at similar levels as this year, except a slight easing of wage inflation. This year TCS gave its employees 14 to 15 percent jump, against 12 to 15 per cent last year. Going forward, it is likely to be in 10 to 12 percent range as projected by internal sources.
The Hiring trend in the Information Technologies Vertical expects a change in the mix of hiring in coming quarters. The industry is looking at hiring B.Sc graduates in a big way and imparting extensive training to them.
Article by VIRAL THAKER @ URL http://viral-hpower.blogspot.com/
Data Collection & Source Reuters;
Viral Thaker
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