Click to play videoHyderabad: The IT giants in the country are on a hiring spree. If the announcements made by the top four companies are an indication, nearly one lakh professionals will be hired in the next one year.
University campuses across the country are already turning out to be favourite 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.
"We are looking at growing at 27 per cent. 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 V Srinivas, Chief Financial Officer of Satyam Computers.
Last year, Wipro added 11,855 people to its staff list. Infosys enlarged its rolls by 22,868 new recruits, TCS by 21,140 and Satyam hired 7,200 people. For this year, their projections are comparatively higher.
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.
In the last fiscal year, 19 per cent of its senior executives quit Satyam. Nearly 16 per cent left Wipro, about 11 per cent left Infosys and 10 per cent quit TCS.
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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