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MNCs still confident to hire
By siliconindia
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Thursday, 07 August 2008, 19:30 IST
Bangalore: Here is good news for IT professionals who have been facing an uncertainty as most of the companies reduce the amount of hiring due to the global recession. Though global economy has not recovered completely from its decline, Multi National Companies (MNCs) are still offering good number of opportunities for the students, reported The Economic Times.
However, Indian companies are still cautious about their hiring plans. For the last six months they recruited only a few numbers of people. Major Indian IT companies like Infosys, TCS and Wipro have not mentioned any plan during their last quarter to increase the headcount.
E Balaji, Ma Foi, an HR consultant company, says that the pick-up has been led by captive offshore units on the assumption that more work is being pushed to India. "We have seen a little surge in our order books over the last 45 days. The January-May period was a rough patch when business was down 15 percent," he added.
According to industry observers, MNCs like IBM and Accenture are again actively hiring, which is in direct contrast to Indian firms. However they mention that the intake has been high for professionals with specific skill sets.
Krish Lakshmikanth, The Headhunters, another recruiting consultant firm says,"Hiring is business as usual for product companies and in niche areas like SAP and remote infrastructure management."
Amitabh Das, Vati Consulting, says that hiring has stepped up owing to greater clarity in the offshoring of IT services contracts to India. "Though project sizes are not large, smaller contracts are coming in, leading to increased hiring." he added.
However, Pravin Tatavarti, Allegis India, a staffing firm, feels that there has not been much change in the hiring scenario and this is likely to continue till the year end. An HR industry tracker said several single-client dependent recruitment firms might have hit a rough patch while others may be hedging their portfolio by focusing on diverse segments.
