Ratan Tata Is Intending to Expand His Territory
TCS is likely to hire more than 50,000 people in the current financial year to meet the in-coming projects and deal with high attrition levels. TCS had an earlier target of 40,000, which increased enormously by 10,000. TCS is India’s top notch company with the highest quarterly employee addition of 19,293 people in its history, perhaps attrition remained one of its key concerns. TCS has already hired more than 30,000 people this year and given the recovery in business demands we will ex-ceed the hiring target and expect to hire over 20,000 people more during the fiscal.
Expert’s Say
N. Chandrasekaran, CEO and managing direc-tor of TCS said “Utilization will improve in fu-ture and may touch to 85 per cent, if the de-mand picks up. But we don’t want the attri-tion to be around 14 per cent, we want to bring it down”. Chandrasekaran also added that TCS, which man-ages complex computer networks and maintains technology operations for Fortune 500 firms, is seeing demand for its services improving from its mainstay financial clients, retail and manufac-turing. S. Mahalingam, the chief financial officer of TCS uttered “With our major operating cur-rencies continuing to be volatile, we remain vigilant on this front.”
Infosys Is Just So Prepared for Heavier Projects
IT sector has seen enormous escala-tion in recruitment and it has rosen close to 1.5 lakh recruits, which is nearly three times more than the last year's number of 50,000 to 60,000. Infosys has revised guid-ance from 19 to 21 per cent and again to 24 per cent indicative of prospects. Infosys ex-pects to promote about 12,000 people later during October. This is part of the exercise initiated by the company last year that seeks to review and revise salaries twice a year.
Expert’s Say
Chief Executive Officer and Managing Direc-tor of Infosys Technologies, Mr Kris Gopalakrishnan, said that the company plans to take its headcount up from 2,850 to 4,000. He also added that the eventual aim is to have a campus that will handle all services, where they could host 20,000 people. They are in talks with the Government to expand operations.
Recruitment in India
Sectors like healthcare and realty are ex-pected to create an enormous 2.3 lakh jobs in India in the last three months of 2010. This was announced by Global consultancy &Young. Economy is running through a rapid pace of recovery and as a result, most local industries are expected to increase their headcount in the coming months.Close to 2.3 lakh jobs are estimated to be cre-ated in India in the fourth quarter of 2010 by six sectors. This is as per the result of Ernst & Young's Partner’s recent survey. The other sec-tors that are likely to enjoy the ripple effect are are healthcare, real estate, IT/ITeS, education & training, manufacturing and Banking, Financial Services and Insurance (BFSI).
Expert’s Say
National Head and EMEIA Leader (People & Or-ganisation) at Ernst & Young, Rajan said that the real estate and IT/ITes sector, each are ex-pected to create 50,000 jobs. He also added that the education market in the country, esti-mated to be worth USD 40 billion, is also ex-pected to generate more employment opportu-nities.
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