The tech biggies are getting into a recruitment spree. It appears that collectively TCS, Wipro and Infosys are planning to hire about 35000 to 50000 new staff this year. If you recall the performance of these companies were not bad and some them have gone beyond the expectations. With the positive global clues, it is very much possible that the big tech companies are planning for higher growth.
According to India Times, TCS plans to hire about 30000 new staff in the financial year 2010-11 where as Wipro has plans to hire 7500 in the next two quarters.
TCS CEO and MD N Chandrasekaran said, “China is a tough market for IT firms and the company was seeing business opportunity in Europe.” The company is currently seeing an 8-10% growth in revenue from domestic operations and is eyeing a double-digit growth in the next two years.
Chandrasekaran said the company had signed a few large deals as well as a number of smaller ones. “The financial services sector will drive growth. We expect good growth from retail, pharma and utilities,” he said.
The company, however, expects a lesser growth from verticals such as telecom and manufacturing.
Chandrasekaran said the company will hike salaries of its employees in the coming fiscal, but did not give details. TCS, has not hiked wages in the current fiscal, but employees have received 150 per cent VA payouts in two consecutive quarters — Q2 and Q3 of FY’10.
“We are on a path to hire 1,000 people. We have already hired 300,” he said, replying to a query on hiring plans for the current fiscal. In Q3 of FY-10, TCS had made 7,692 net additions, compared with a net addition of 320 in the previous quarter. [Read more…]