Major IT firms set to ramp up hiring

Jan 23, 2011 |

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IT jobs

Jan. 21: Happy days are back again for India’s techies, as technology majors ramp up their hiring plans. The five major players — Infosys, TCS, Wipro, Cognizant and HCL are expected to add over 1.6 lakh new employees over the next 12 months. Infosys and TCS have already announced a sharp increase in the number of offers they will make in the next financial year.

Speaking at a function in Thiruvananthapuram, Infosys CEO Kris Gopalakrishnan said:” “Growth is back and most companies are hiring in large numbers again. The top five companies are estimated to hire 1,60,000 to 1,80,000 new employees in the next 12 months.”

Earlier this month, the company had said that it will be making 26,000 job offers for freshers in campuses across India for FY12, up from 20,000 offers that it made for FY11. A few days later, Tata Consultancy Services said that it will be hiring 37,000 freshers off campuses in the next fiscal year.

The Tata group firm will also be making a slightly lesser number of lateral offers, taking up the total number of recruits to almost 70,000 — a sharp increase from the 50,000 job offers the firm made during FY11. The four top IT firms — TCS, Infosys, Wipro and HCL have added 23,000 new jobs in the last three months of 2010.

IT majors had started to cut back on hiring in 2008 as the global recession worsened. While Wipro had a near freeze on new hiring from June-08, others such as Infosys and TCS also started going easy on recruitment by December that year.

However, some of the companies had started adding significantly to the rolls in early 2010. An improvement in the overall scenario is also evident from the increased number of people job-hopping in the IT sector as well as the salary hikes that the companies gave over the last year. Interestingly, the top tech employer in India isn’t an Indian firm at all. IBM India employed 1.31 lakh people by mid-2010. At that time, TCS employed more people on the whole, but many of them were based out of India.

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