Tech hiring to hit record highs
Tech hiring to hit record highs
CHENNAI: With campus recruitments by technology companies only weeks away, early indicators suggest this year recruitments may touch a historic high, as top Indian tech majors, including TCS, #-Link-Snipped-# and Wipro, will alone recruit close to one lakh engineers, if not more. Back-of-the-envelope analysis, coupled with stated recruitment plans of the IT biggies, shows that December-January will be action-packed at engineering college campuses, not to mention the impact that MNC biggies like Accenture and #-Link-Snipped-# will have.
"According to our original plans, we were to recruit 30,000 people this fiscal, but we will close the current year with 50,000 persons added. For the next fiscal, we could hire as much as this year, if not more," N Chandrasekaran, CEO and MD of TCS, which has a total employee headcount of 1.77 lakh people, said. #-Link-Snipped-# follows a policy where it recruits 70% of its annual intake from campuses. The company recruited 24,000 persons in the fiscal ended March 2010.
Nasscom, the industry body for software companies , has laid down ground rules for campus recruitments under which member-companies are allowed to enter campus only at the beginning of the eighth semester of engineering. Going by recruitment data and growth projections, most tech majors began 2010 with conservative estimates of manpower required but gradually scaled up their targets as the year progressed .
At the beginning of this fiscal, Infosys had said it would recruit 30,000 but hiked the figure to 40,000 by September-end . The annual report of Infosys says in the previous year (2009-10 ), the company interviewed 61,000 people and made 26,200 job offers. As of March 2010, Infosys and its subsidiaries had an employee strength of approximately 1,13,800 employees, of which 1,06,900 are technology professionals, including trainees
Shankar Srinivasan, chief people officer, Cognizant , told TOI, "In the last one year (from October 2009 to September 2010), we saw a net addition of over 27,500 employees. We continue to be active in campuses as well as in the lateral market (hiring of experienced professionals ). We ended the September 2010 quarter with approximately 95,600 employees globally."
"A 20% growth rate in the industry will lead to total demand of around 310,000 employees. Part of this will include employees joining from fields like MBA and accounts, and some employees will be hired locally onsite," Ashish Chopra, analyst with Motilal Oswal, said.
On the assumption that Cognizant, Wipro and HCL Tech will recruit as much in the forthcoming recruitment season if not more than they did in 2009-10 , there are bound to be fireworks at engineering colleges . "We have never seen such large scale recruitment numbers. This is clearly the highest levels that I have seen in the past 10 years of campus," a campus recruitment watcher told TOI. Placement officers and institutional administrators in Tamil Nadu too are upbeat that IT majors such as TCS and Infosys have revised manpower projections for the coming year.
"This is fantastic news. I am excited at this (revised HR projections). This is something that must keep not just placement officers, students, job seekers and job providers happy but the nation as a whole as the job sector is looking up," says Jayakumar, former deputy registrar (placements and training) at the #-Link-Snipped-# (IIT Madras ). However, pay packages at campuses might not witness any significant uptick despite the surge in recruitments. An entry-level engineer is likely to get Rs 3 to Rs 3.25 lakh as a starting offer, while a post-grad engineer may get an additional Rs 20,000. Likewise, professor S Gowri, registrar of #-Link-Snipped-# of Technology , to which over 150 engineering colleges are affiliated in Chennai and surrounding regions, says while it is appreciable that the job market is looking up, much will depend on the kind of jobs they provide.
Source:The Times of India
Tech hiring to hit record highs - Times of India
So ALL the very best for our last year students 😀
CHENNAI: With campus recruitments by technology companies only weeks away, early indicators suggest this year recruitments may touch a historic high, as top Indian tech majors, including TCS, #-Link-Snipped-# and Wipro, will alone recruit close to one lakh engineers, if not more. Back-of-the-envelope analysis, coupled with stated recruitment plans of the IT biggies, shows that December-January will be action-packed at engineering college campuses, not to mention the impact that MNC biggies like Accenture and #-Link-Snipped-# will have.
"According to our original plans, we were to recruit 30,000 people this fiscal, but we will close the current year with 50,000 persons added. For the next fiscal, we could hire as much as this year, if not more," N Chandrasekaran, CEO and MD of TCS, which has a total employee headcount of 1.77 lakh people, said. #-Link-Snipped-# follows a policy where it recruits 70% of its annual intake from campuses. The company recruited 24,000 persons in the fiscal ended March 2010.
Nasscom, the industry body for software companies , has laid down ground rules for campus recruitments under which member-companies are allowed to enter campus only at the beginning of the eighth semester of engineering. Going by recruitment data and growth projections, most tech majors began 2010 with conservative estimates of manpower required but gradually scaled up their targets as the year progressed .
At the beginning of this fiscal, Infosys had said it would recruit 30,000 but hiked the figure to 40,000 by September-end . The annual report of Infosys says in the previous year (2009-10 ), the company interviewed 61,000 people and made 26,200 job offers. As of March 2010, Infosys and its subsidiaries had an employee strength of approximately 1,13,800 employees, of which 1,06,900 are technology professionals, including trainees
Shankar Srinivasan, chief people officer, Cognizant , told TOI, "In the last one year (from October 2009 to September 2010), we saw a net addition of over 27,500 employees. We continue to be active in campuses as well as in the lateral market (hiring of experienced professionals ). We ended the September 2010 quarter with approximately 95,600 employees globally."
"A 20% growth rate in the industry will lead to total demand of around 310,000 employees. Part of this will include employees joining from fields like MBA and accounts, and some employees will be hired locally onsite," Ashish Chopra, analyst with Motilal Oswal, said.
On the assumption that Cognizant, Wipro and HCL Tech will recruit as much in the forthcoming recruitment season if not more than they did in 2009-10 , there are bound to be fireworks at engineering colleges . "We have never seen such large scale recruitment numbers. This is clearly the highest levels that I have seen in the past 10 years of campus," a campus recruitment watcher told TOI. Placement officers and institutional administrators in Tamil Nadu too are upbeat that IT majors such as TCS and Infosys have revised manpower projections for the coming year.
"This is fantastic news. I am excited at this (revised HR projections). This is something that must keep not just placement officers, students, job seekers and job providers happy but the nation as a whole as the job sector is looking up," says Jayakumar, former deputy registrar (placements and training) at the #-Link-Snipped-# (IIT Madras ). However, pay packages at campuses might not witness any significant uptick despite the surge in recruitments. An entry-level engineer is likely to get Rs 3 to Rs 3.25 lakh as a starting offer, while a post-grad engineer may get an additional Rs 20,000. Likewise, professor S Gowri, registrar of #-Link-Snipped-# of Technology , to which over 150 engineering colleges are affiliated in Chennai and surrounding regions, says while it is appreciable that the job market is looking up, much will depend on the kind of jobs they provide.
Source:The Times of India
Tech hiring to hit record highs - Times of India
So ALL the very best for our last year students 😀
Replies
-
Kaustubh KatdareWe covered this already through VoiCE: #-Link-Snipped-#
I request all CEans to keep watch on VoiCE. It'll have all the updates important for engineers! 😀 -
Gurjeet Singh@biggie:I didn't get much time here to check ,but thanks for noticing this.
You are reading an archived discussion.
Related Posts
Sharp is all set to introduce the 3D mobile phones 003SH and 005SH in India in 2011. The 003SH is a full touch screen phone while 005SH has a slide-out...
Hi friends,
I have a create database using SQL 2008 for my project application. i also have done connection with vb 2008. Can i access my database from other computer...
😁Hello everybody😁
a call to the experienced test engineerings
Having in hand a broken complex smd circuit, what are the methods followed to detect the faulty component ?! especially if...
Hiieee...
We are doing a project for designing and fabrication of a control circuit for the automatic switching ON and OFF of the electrical gadgets in a seminar hall.. We...
Winbro Group Technologies, the leading manufacturer of advanced machining technologies for the aerospace and industrial gas turbine industries, is the first company to receive an enhanced JK604D laser from JK...