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TCS, Wipro sync hiring plans with market fluctuations
By siliconindia
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Wednesday, 17 September 2008, 23:10 IST
Ahmedabad: Syncing their plans with the volatile market conditions and their pockets, several players in the IT and ITeS sector have modified recruitment policies. The likes of TCS, Wipro and Keane are either slowing down on recruitment or hiring more number of trained hands, reported The Economic Times.
"During 2008, recruitments in IT/ITeS sector have fallen by 20-22 percent as compared to the same period last year. The players have become more cautious," says Bangalore-based HR firm Ikya Human Capital Solutions chairman Marcel Parker.
"There is a delay in decision making. While most IT firms have deferred their hiring, some have postponed their training programs. A few have opted for judicious just-in-time recruitment process," Parker said.
TCS that recruits about 18,000 employees every year has now decided to cut down the recruitment size to tide over the crisis. "This year we are not going for any mass recruitment. We have cut down on at least 20 percent of the total recruitment," said a senior HR official of TCS in Gujarat. "Our focus has largely been to hire more experienced candidates than go in for fresh recruits", the official added.
Meanwhile, global IT firm Keane is not just going slow on recruitments, but have also adopted a 'just-in-time-approach' on hiring. "Since the last three years, we used to hire 30-40 percent more people than the previous year. But this year we are sticking to almost the same number of people we recruited last year", said Keane India senior VP S G Raja Sekharan.
Making a departure from the usual practice, IT-giant Wipro has introduced stringent 'quality measures' into their hiring pattern. "We have made our process even more stringent and brought in measures to ensure quality of hire. Innovative measures have been introduced including setting up a Talent Quality Group within Talent Acquisition", said Wipro Talent Acquisition VP Pradeep Bahirwani.
