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Indian IT biggies to continue hiring
By siliconindia
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Monday, 03 November 2008, 16:47 IST
Bangalore: India's top three software companies continue their resolution of hiring fresh engineering graduates for the fiscal year 2009-10 even in the midst of the economic slowdown. The companies have even assured the Karnataka government that they will not retrench any job at this situation and instead, their future recruitments would continue, Ashok Kumar C Manoli, principal secretary for information technology, biotechnology and science and technology of the Karnataka state government told reporters here Thursday.
As per a report in The Economic Times, Tata Consultancy Services (TCS) has made 24,789 technical campus offers for 2009-10, a 13 percent increase over its intake of 22,000 for the current fiscal. Infosys Technologies will be making around 20,000 offers, an 18 percent increase, but Wipro is lowering the number of campus hires to 8,000 from 14,000. Normally, IT companies make their job offers to engineering students a year in advance, when they have completed the third year of their course.
There has been trepidation that a number of IT companies would not respect their hiring commitments to students, but paradoxically, there has been no evidence so far of companies going back on their offers. However, there were reports of some firms postponing joining dates.
Sudhakar Balakrishnan, CEO, Adecco India said that it was too early to comment on how campus hiring by the IT industry will be affected because there is no clarity on the impact of the economic slowdown.
Companies have been trying to 'flatten the employee pyramid' by trying to ensure that the least experienced and therefore the least paid staff make up the biggest ratio of their workforces. It is estimated that around 40 percent of staff at the top three IT companies have less than three years experience. TCS and Infosys employ more than a lakh each while Wipro has around 97,000 staff.
