Indian IT sector beats recession with hiring spree

After the worst recession in US and bankruptcy of Lehman Brothers, and a time when thousands of jobs are lost worldwide, Indian IT sector seems to be bullish on recruitment. According to the latest study, which has taken more than 375 Indian listed companies, has reported that the number of Indian companies that added new employees were 30% more than those who reduced manpower.

Last week, US President Barrack Obama has announced that US recession is almost ending and also Indian stock market has been surging, which has improved general economic sentiment. With the sign of improvements in the global scenario, the IT companies are not apart from the situation. In the feature, we discuss various IT companies where the hiring season seems to be back.

Tata Consultancy Services
TCS, one of the largest private sector employers in India with the strength of about 140,000 employees and one of the lowest attrition rates in the Indian IT industry. The company has announced that it would hire 25,000 people this year and out of which 90% will be from India.

Also, while announcing its Q1 results, TCS had said that it remained on track for graduate hiring programme in 2009-10. TCS is aiming the $10-billion revenue mark in the years to come.

Wipro Technologies

Wipro Technologies, the second largest IT Company in India as per the 2008-09 revenue has started hiring and has lifted the ban on promotions and hikes. The company has been recently recruiting in certain niche areas and delivery centres. Also, the company plans to employ more experienced sales professionals.

Wipro has reported a net addition of 15, 688 employees in the last fiscal. On June 30, it had 98,521 people on its rolls. Also, the company has reported an attrition rate of 8.4%.

Cisco India

Cisco India has announced that it will employ 10,000 to 12,000 persons in the coming years. The company has been aggressively expanding its commercial space in Bangalore totaling a floor area of 700,000 sq ft. It also plans to take an additional 2.2 mn sq ft of space in Bangalore in the coming years.
At present, Cisco has about 4,000 employees in India.

HCL Infosystems

HCL Infosystems Ltd, a listed subsidiary of HCL has also taken key initiative in the recruitment drive. According to sources, the company will hire around 500-600 people in 2009, which include 15-20 engineers for its R&D centre in Pondicherry with an investment of around Rs 40 crores. Now, the company has recorded headcount of 5,921 as compare to 5,753 in 2008. Further, HCL’s attrition rate has declined to 10.40% in 2009 from last year’s 14.89%.

Hewlett-Packard India

The Indian ancillary of Hewlett-Packard, the global IT giant also plans to increase its headcount. But, the exact details and numbers are not announced at present. Sources indicate that the process for the recruitment has been started and fresh pass-outs will join the company by the end of year.

Besides the above IT giants, Satyam, Infosys and Oracle Financial Services also plan to increase its headcount by next year. Recently, Satyam has won 32 more clients in last six months. Also, Infosys is turning towards various campuses across the country for next year expansion.


6 thoughts on “Indian IT sector beats recession with hiring spree

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