IT firms start hiring employees who had quit
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IT firms start hiring employees who had quit
Bangalore: It is 'Homecoming' time for those employees from IT firms like Infosys and EDS-MphasiS, who had left the companies during the economic slowdown. Now with the economy back on track, IT firms are locking horns to get the best talent. While Infosys has launched its 'Green Channel' initiative, MphasiS have launched a program christened 'Homecoming' for hiring employees who had quit over the last few months, reports Devina Sengupta and Pankaj Mishra of Economic Times. MphasiS is offering its former employees, who left the company during the past six months, to apply for a similar role, or even explore newer opportunities. Infosys' "Green Channel" has already helped the company attract applications from around 350 professionals who had left last year. According to software industry lobby NASSCOM, the Indian IT industry will hire around 90,000 this year, taking the total IT workforce to around 2.3 million. Last year, the industry added only around 20,000 professionals as companies stalled hiring plans. Some companies are also calling back staff, who were laid off because of last year's crisis. The California headquartered computer storage vendor NetApp has hired back almost half its staff who left last year. Till 2008, even a 15 percent attrition rate was conservative in an industry where some firms struggled to even keep it below 20-30 percent. However, with large customers like JP Morgan, Citibank and GE outsourcing more projects to India and with global firms such as IBM and Accenture under pressure to hire more in low-cost locations like India, the war for retaining and hiring talent is back.

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