IT industry in India on a recruitment spree for 2010

Thursday, February 11, 2010, 19:07 by Business Editor

TCS, Infosys and Wipro are back to hiring for 2010

Encouraged by the double-digit growth rates anticipated in the next financial year, the information technology (IT) industry in India is again on a hiring spree. Related: Infosys hiring 30,000 in 2010

India’s major IT companies – including Tata Consultancy Services (TCS), Wipro and Infosys – have outlined plans to recruit thousands of professionals, both freshers and lateral, in the coming quarters.

TCS said it will hire, in the next fiscal, around 30,000 professionals on gross basis. About 70% of the gross hires will be freshers, and the rest lateral hires.

TCS plans to hire over 2,000 professionals at international locations.

According to N Chandrasekaran, CEO and managing director of TCS, the large numbers reflect the demand environment and that the utilisation is “running up.”

Chandrasekaran said that the recruitments for the financial year 2011 will be across operations – IT, BPO and infrastructure services – and that TCS will hire laterals having ERP skills. The company is also looking for analytics and Web 2.0 skills.

Wipro will, in the next two quarters, appoint 7,500 of its campus recruits who had passed out in 2009. Girish Paranjpe, joint CEO (IT business) of Wipro said, the company will thus complete the process of appointing freshers from the 2008-09 batch.

However, Wipro has not yet disclosed its hiring target for the full year.

As of now, Girish Paranjpe said, the demand for laterals is very strong, and hence Wipro’s recruitment team is trying to get the maximum number of qualified persons who suit the company’s needs on the lateral side. This time around, Paranjpe added, the constraints are more from the supply side than from the demand side.

Wipro has raised wages for its employees based in India. The wages of the employees in locations abroad are planned to be raised.

Infosys has announced plans to appoint 15,000 professionals through campus recruitment in 2010-2011.

Kris Gopalakrishnan, chief executive officer and managing director of Infosys, said the company is looking for acquisitions across Europe, the non-English-speaking countries, and even in the United States.

Gopalakrishnan told reporters at the NASSCOM India Leadership Forum that Infosys is open to acquisitions “everywhere, and across verticals.”

He said Infosys have already raised salaries in October 2009 – by about 8%, on an average, in India.

According to NASSCOM, the IT industry in India added about 90,000 jobs in FY10 – taking the number of total workforce to 2.3 million.

The overall hiring for the IT sector is expected to be 1,50,000 professionals for fiscal 2011.

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