TCS, Infosys, Wipro: Hiring plans
Are the IT jobs back? Yes, and with a big bang. With the global economic outlook looking stable, almost all IT players are set to boost their headcount. With deal pipeline looking stronger and volumes bigger, IT seems to be back on track.
The past weeks have seen all tech biggies go all out on hiring front with some reports pegging the figure to as much as 1 lakh. Here's looking into the hiring plans of IT biggies, whose hiring how much, at what levels and more...
Tata Consultancy Services, the country's largest software exporter by revenue plans to hire 30,000 employees in the financial year 2010-2011.
TCS CEO and MD N Chandrasekaran said, "We are on a path to hire people." In Q3 of FY-10, TCS had made 7,692 net additions, compared with a net addition of 320 in the previous quarter.
The company is currently seeing an 8-10% growth in revenue from domestic operations and is eyeing a double-digit growth in the next two years. Chandrasekaran said the company had signed a few large deals as well as a number of smaller ones. "The financial services sector will drive growth. We expect good growth from retail, pharma and utilities," he said.
The company, however, expects a lesser growth from verticals such as telecom and manufacturing. Chandrasekaran also said that the company will hike salaries of its employees in the coming fiscal, but did not give details.
TCS, has not hiked wages in the current fiscal, but employees are reported to have received 150 percent variable payouts in two consecutive quarters -- Q2 and Q3 of FY'10.
Infosys Technologies plans to recruit 15,000 people in the days ahead and has already begun the process by visiting campuses.
Infosys CEO and MD Kris Gopalakrishnan said that the company has plans to recruit from campuses for the next year. He added, "We already gave a raise (in salary) in October, about 8 per cent on an average in India. And what we will do in April, we will wait and see because the next cycle for increment is in April."
The company is looking at acquisitions across Europe, and non-English-speaking countries and even in the US, Gopalakrishnan said, adding, "we are open to acquisitions everywhere...And across verticals."
India's third largest company Wipro is back to campus hopping. According to reports, Wipro plans to add 7,500 freshers in the coming fiscal.
Girish Paranjpe, joint CEO of Wipro Technologies recently said that the company plans to take 7,500 engineers for which it plans to go to campus. He added that the company is currently busy making lateral hirings and also plans to add non-engineering students.
Recently, Wipro gave salary hikes to all its employees. With effect from February 1, employees will get a pay hike in the 8% to 12% range with some even getting a 15% increase.
New York-listed Wipro expects its IT services revenue to rise 3.6-5.4 percent in January-March from the preceding quarter to $1.16-$1.18 billion, after it posted a 4.9 percent sequential rise in the latest quarter.
Best of Luck
We are sending this JobsLetter in good faith. If you do not wish to receive such alerts you can safely unsubscribe by replying to this email