Riding high on a six to seven per cent expected economic growth and with the global economy gradually bouncing back, India Inc is likely to hire 20-30 per cent more talent in CY 10, a top industry official said.
"In 2010 (January-December), I envisage atleast 20-30 per cent increase in recruitments by companies," recruitment consultancy firm, Fun & Joy At Work's Chief Executive Officer, R L Bhatia, told the media here.
This would be over and above the 30 per cent dip in hiring that was witnessed last year, Bhatia said.
Fun & Joy At Work is a nine-year-old recruitment firm with offices across Mumbai and Singapore. The company claims providing talent consultancy to a host of Indian companies across sectors.
BPOs, bio-technology, media, telecom and finance are some of the sectors likely to witnessing higher hirings, Bhatia said.
The Indian economy would clock around six to seven per cent growth and substantial investments into India is in the offing, Bhatia said, adding, "this will trigger an increased hiring."
Bhatia said that despite the the slowdown, companies did hire, though less in number.
"Maybe they hired less, but they hired nevertheless," he said.
His own firm had some 30 companies which have plans to hire around 20,000-30,000 personnel, he said.
"Industry is exercising caution now. As a result, companies are investing only when and where it is necessary. They are sensibly investing in people or human resources," he said.
Agencies
Showing posts with label recruitment. Show all posts
Showing posts with label recruitment. Show all posts
Sunday, November 8, 2009
Tuesday, September 8, 2009
Have IT cos skipped campus recruitment for 2009-10?
With Nasscom, the software industry's apex body advising its members not to go to campuses for recruitment, the placements at engineering colleges has dried up. However, although 2008-09 was a difficult year for training and placement officers (TPO) at engineering colleges, 2009-10 could be the most critical year for campus placements, reports Economic Times.
JN Pitambare, Dean of Sinhagad Institute says, "Normally, 75-80 percent of the placements used to take place by mid-August. However, this year I will be happy if I am able to place even 10-15 percent of our students by December."
SV Dravid, TPO, DY Patil College of Engineering at Akurdi, near Pune said, "Last year, we had placed 150 students by this time. This year, not a single student has been placed. I hope the situation improves by December." Normally the big software companies finish recruitment by mid-August, placing around 75 percent of the college students.The core sector companies used to come from August, but this year they are non-committal.
Companies have been telling TPOs that their placement requirements are yet to be firmed up since things are not planned yet or they do not know how many projects they will get. "Most of the core companies are in a dilemma. They have promised to come for placements by December," said TPO Federation President Professor Shital Rawandale. Not only are there fewer jobs on offer for 2009-10 but the companies are adopting various techniques to defer the joining dates of candidates recruited last year or even to reject them.
Top colleges like the College of Engineering Pune (COEP) are also facing problems. "Of the 576 students placed last year, only 150 have joined till now. For the rest of them, joining has been deferred from July to December," said Assistant TPO, COEP, SA Meshram.
Some of the selected candidates are being asked to take more tests. With the recession, singing of bonds has also returned. "Some small and medium-sized software companies now want the candidates whom they had already selected to enter into two-year bonds," said a TPO.
Economic Times
JN Pitambare, Dean of Sinhagad Institute says, "Normally, 75-80 percent of the placements used to take place by mid-August. However, this year I will be happy if I am able to place even 10-15 percent of our students by December."
SV Dravid, TPO, DY Patil College of Engineering at Akurdi, near Pune said, "Last year, we had placed 150 students by this time. This year, not a single student has been placed. I hope the situation improves by December." Normally the big software companies finish recruitment by mid-August, placing around 75 percent of the college students.The core sector companies used to come from August, but this year they are non-committal.
Companies have been telling TPOs that their placement requirements are yet to be firmed up since things are not planned yet or they do not know how many projects they will get. "Most of the core companies are in a dilemma. They have promised to come for placements by December," said TPO Federation President Professor Shital Rawandale. Not only are there fewer jobs on offer for 2009-10 but the companies are adopting various techniques to defer the joining dates of candidates recruited last year or even to reject them.
Top colleges like the College of Engineering Pune (COEP) are also facing problems. "Of the 576 students placed last year, only 150 have joined till now. For the rest of them, joining has been deferred from July to December," said Assistant TPO, COEP, SA Meshram.
Some of the selected candidates are being asked to take more tests. With the recession, singing of bonds has also returned. "Some small and medium-sized software companies now want the candidates whom they had already selected to enter into two-year bonds," said a TPO.
Economic Times
Thursday, December 4, 2008
Infosys Technologies will freeze new recruitments
Infosys Technologies will freeze recruitment after meeting this fiscal year's target of hiring 25,000 staff, a telling sign the Infosys global downturn is hitting India's $52 billion outsourcing sector.
India's second largest software services firm however has no plans to cut jobs and is sticking with its third quarter outlook, CEO Kris Gopalakrishnan told reporters.
He said the outsourcing sector's growth rate would halve next year as some customers delay orders.
"Last year the IT industry grew more than 30 percent, this year it is looking at somewhere in the region of 15 percent," Gopalakrishnan said.
India's export-driven IT sector, used to a scorching pace of growth, has been hit by the financial crisis and recession in the United States, which contributes more than half their revenue.
In the last few years, the outsourcing industry has created tens of thousands of jobs, mainly attracting young workers, as global companies look to trim labour costs.
Infosys hired 16,000-17,000 employees in the first half of the fiscal year that began in April and would honour commitments to 6,000 under training, Gopalakrishnan said.
Infosys, which counts Goldman Sachs and Philips Electronics among its clients, cut its full-year dollar revenue outlook in October due to the worsening global downturn.
Gopalakrishnan said on Thursday the company would freeze fresh recruitment, apart from meeting specific skill needs.
"We will have to look at controlling our cost, controlling our expenses making sure that we run an optimised business. We will have to look at what are things we need to do in order to prepare ourselves for the recovery."
"Growth is coming more and more from emerging markets so hese are the things we need to prepare ourselves. We should not lose momentum in this slowdown," he said.
But Infosys still expects its strong client base and a weakening rupee to help it meet a forecast for December quarter earnings of $0.57 a share. The rupee has fallen nearly six percent so far this quarter against the dollar.
"Infosys is seeing further degradation of the demand environment, with headwinds from leadership changes at customers, a shrinking large deal pipeline .... Pricing pressure has emerged," CLSA Asia-Pacific said in a report this week.
India's second largest software services firm however has no plans to cut jobs and is sticking with its third quarter outlook, CEO Kris Gopalakrishnan told reporters.
He said the outsourcing sector's growth rate would halve next year as some customers delay orders.
"Last year the IT industry grew more than 30 percent, this year it is looking at somewhere in the region of 15 percent," Gopalakrishnan said.
India's export-driven IT sector, used to a scorching pace of growth, has been hit by the financial crisis and recession in the United States, which contributes more than half their revenue.
In the last few years, the outsourcing industry has created tens of thousands of jobs, mainly attracting young workers, as global companies look to trim labour costs.
Infosys hired 16,000-17,000 employees in the first half of the fiscal year that began in April and would honour commitments to 6,000 under training, Gopalakrishnan said.
Infosys, which counts Goldman Sachs and Philips Electronics among its clients, cut its full-year dollar revenue outlook in October due to the worsening global downturn.
Gopalakrishnan said on Thursday the company would freeze fresh recruitment, apart from meeting specific skill needs.
"We will have to look at controlling our cost, controlling our expenses making sure that we run an optimised business. We will have to look at what are things we need to do in order to prepare ourselves for the recovery."
"Growth is coming more and more from emerging markets so hese are the things we need to prepare ourselves. We should not lose momentum in this slowdown," he said.
But Infosys still expects its strong client base and a weakening rupee to help it meet a forecast for December quarter earnings of $0.57 a share. The rupee has fallen nearly six percent so far this quarter against the dollar.
"Infosys is seeing further degradation of the demand environment, with headwinds from leadership changes at customers, a shrinking large deal pipeline .... Pricing pressure has emerged," CLSA Asia-Pacific said in a report this week.
Tuesday, December 2, 2008
Wipro BPO recruitments; Techies protest
Hundreds of students in West Bengal, protesting IT company Wipro's decision to recruit engineers as business process outsourcing (BPO) employees, met state IT Minister Debesh Das to air their problems.
The students, who were earlier selected for engineering jobs by the IT major, say the company is now recruiting them as BPO employees.
“We met the IT minister and he told us that he will look into the matter,” Sayantan Mukherjee, a student of Bengal Institute of Technology said.
"We were promised jobs in the company after we complete our engineering courses in 2009. But last week we were asked to join as BPO employees," he said.
Mukherjee got Wipro's offer in March 2007 for the post of project engineer, but was later asked by the company to join its BPO division.
"Moreover, the company is asking for a bond money of Rs 75,000 for the BPO job, which is unheard of in the industry. Usually project engineers are asked to deposit money, not BPO employees," he added.
However, when contacted, a Wipro official told the media that the decision was taken to give opportunity to graduates to start their work without any delay.
"Every year campus joining is spread out over the four quarters. This is done for logistical reasons of training and seating. Due to current business scenario we estimate delays in joining dates of some batches of recruits," Pradeep Bahirwani, VP (talent acquisition), Wipro, told from Bangalore through an email.
"We are providing them an option of a technical support role in our BPO division. The objective is to let engineering graduates commence work without delay," he said.
Bahirwani added that the employees would have an opportunity to move into the technologies business in 12-18 months based on business demand. "The annual compensation will remain unchanged as per the original offer letter and those not wishing to exercise this option would have to await their joining dates for the technologies division."
Mukherjee said similar things were happening in other states like Orissa and Andhra Pradesh. The students over there were also protesting against the decision, he said.
Source: Agencies
The students, who were earlier selected for engineering jobs by the IT major, say the company is now recruiting them as BPO employees.
“We met the IT minister and he told us that he will look into the matter,” Sayantan Mukherjee, a student of Bengal Institute of Technology said.
"We were promised jobs in the company after we complete our engineering courses in 2009. But last week we were asked to join as BPO employees," he said.
Mukherjee got Wipro's offer in March 2007 for the post of project engineer, but was later asked by the company to join its BPO division.
"Moreover, the company is asking for a bond money of Rs 75,000 for the BPO job, which is unheard of in the industry. Usually project engineers are asked to deposit money, not BPO employees," he added.
However, when contacted, a Wipro official told the media that the decision was taken to give opportunity to graduates to start their work without any delay.
"Every year campus joining is spread out over the four quarters. This is done for logistical reasons of training and seating. Due to current business scenario we estimate delays in joining dates of some batches of recruits," Pradeep Bahirwani, VP (talent acquisition), Wipro, told from Bangalore through an email.
"We are providing them an option of a technical support role in our BPO division. The objective is to let engineering graduates commence work without delay," he said.
Bahirwani added that the employees would have an opportunity to move into the technologies business in 12-18 months based on business demand. "The annual compensation will remain unchanged as per the original offer letter and those not wishing to exercise this option would have to await their joining dates for the technologies division."
Mukherjee said similar things were happening in other states like Orissa and Andhra Pradesh. The students over there were also protesting against the decision, he said.
Source: Agencies
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