Buddha
JOBS ON OFFER TO CROSS ONE LAKH
Tech recruitments to touch new high
With campus recruitments by technology companies only weeks away, early indicators suggest that this year recruitments may touch a historic high as top India tech majors including TCS, Infosys and Wipro will alone take in close to onelakh engineers, if not more. Back of the envelope analysis, coupled with stated recruitment plans of the IT biggies, shows that engineering campuses will witness an action-packed December-January, not to mention the impact that MNC biggies like Accenture and IBM will have.
“As per 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 an employee headcount of 1.77 lakh people, said.
TCS follows a policy wherein it recruits 70% of its annual intake from campuses. The company recruited 24,000 persons in the fiscal ended March 2010.
Pay packet not big
Going by recruitment data and growth projections, most tech majors began 2010 with conservative estimates of manpower required, but gradually scaled up targets as the year progressed.
At the beginning of this fiscal, Infosys said it would recruit 30,000 but hiked the figure to 40,000 by September-end. Shankar Srinivasan,chief people officer, Cognizant, told TOI, “In the last year (from October 2009 to September 2010),we saw a net addition of over 27,500 employees. We continue to be active on campuses as well as in the lateral market (hiring of experienced professionals). We ended the September 2010 quarter with approximately 95,600 employees globally.”
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 the engineering colleges.“We have never seen such largescale recruitment. This are clearly the highest levels that I have seen in the past 10 years of campus,” a recruitment watcher said.
Placement officers and institutional administrators in Tamil Nadu too are upbeat that IT majors 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,” says Jayakumar, former deputy registrar (placements and training) at the Indian Institute of Technology, Madras.However, pay packages 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. Also, like professor S Gowri, registrar of Anna University of Technology, to which over 150 engineering colleges are affiliated, says while it is appreciable that the job market is looking up, much would depend on the kind of jobs being offered.
Source: The Times of India dt 16.11.10
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