Brisk hiring by IT Companies in India
October 01, 2010             Category : Careers & Training

Most fo the Indian IT companies will be giving their employees good salary hikes in the next few months. It will have a direct effect on reducing the high attrition rate that is visible, especially in IT companies.

 

L Ravichandran, president of IT services at Tech Mahindra says, " When people see stability and pipeline, they don't jump."  HCL Technologies Ltd recently came out with the slogan "Employee first; customer second," indicating the growing importance of employee-retention plans.

 

Deependra Chumble, hiring manager at Hexaware Technologies Ltd says, " We should stop the wage raises now only, otherwise our costs will become high, our margins will be slim and we will start losing business to China or Philippines. The speed of salary increases have started hurting us already."

 

Indian IT majors like Infosys Technologies, Tata Consultancy Services and Wipro have been recruiting heavily after the global economies started treading the recovery path.

 

TCS has already raised its hiring target for 2010/11 by 10,000 to 40,000 and Infosys has forecast to hire 6,000 more to an annual hiring projection of 36,000.

 

"About 250-300 people are joining the company every month. We are going to see continuous hiring," Tech Mahindra's Ravichandran said.

 

MindTree Ltd's Chief Financial Officer Rostow Ravanan said the company had achieved its FY11 hiring target of 3,500 staff.

 

"The demand for skilled workforce has picked up quite a bit and the supply is not there as of now. So the attrition levels are high, therefore the premium paid to some of the skills is very high," Hexaware's Chumble said.

 

Chumble said Hexaware will hire 20 per cent more than was planned at the beginning of the fiscal year.

 

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