Hyderabad IT giants to hire more people
By agencies | Thursday, 20 April 2006, 07:00 Hrs
HYDERABAD: IT professionals in Hyderabad never had it so good. Companies are giving big hikes to employees and several IT biggies plan to hire more people. Infosys has announced that it will hire 20,000 software professional for its Hyderabad campus over the next 10 years, its rival Wipro is starting its second center in the city and Satyam, Hyderabad too is planning to recruit in bulk. The downside of this boom is that the IT companies could face a high attrition rate. The Nasscom-Hewitt total Rewards Study shows that, many companies in the IT-enabled services sector have registered a 100 percent attrition rate while in the IT sector it is 75 percent. But the industry isnt worried about it, since junior level recruitments can be done at university campuses. And to ensure that the senior employees are retained, many companies are proposing increments and cash incentives. The professionals can take it easy for some time as sources say, the trend will continue for a good time. "Salary increases are here to stay for some more time, this phase will continue for about four years more because that is what the market reality is," says Head South India Operations for Hewitt Associates, Nitin Sethi. "Several multinational companies are tapping the market today, companies are changing from smaller operation to big operation.