IT to create 100,000 new jobs

By agencies   |   Monday, 24 April 2006, 07:00 Hrs
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HYDERABAD: The IT giants in the country are on a hiring spree. If the announcements made by the top four companies are an indication, nearly 100,000 professionals will be hired in the next one-year. University campuses across the country are already turning out to be favorite placement destinations. IT giants are eyeing the universities to get their entry-level placements.

In the next one year, Infosys will hire 25,000 professionals. Satyam plans to hire about 12,000, TCS 30,000 and without divulging the figures, Wipro says it would recruit professionals in 10 cities.

For IT companies, the number of employees is directly proportionate to its growth plans. V Srinivas, Chief Financial Officer of Satyam today "We are looking at growing at 27 percent. For us to grow at that level, we will be requiring that kind of numbers and larger the size of the company, larger number of people we need to recruit," say Computers.

It might be easier for the companies to find candidates in campuses for the entry-level jobs, but they are finding it tough to get senior-level professionals. With all companies offering handsome packages for the seniors, the IT industry may also witness a high rate of attrition this year.

To prevent this, big IT companies have decided to give good increments to all of their senior employees. And now with more than one job offers, candidates at the entry-level too may get the advantage of bargaining for a better package.

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