IT hiring may fall 17% FY-14
Nasscom sees signficant fall in campus hiring too New Delhi: Rising automation and low attrition in IT sector may act as a dampener for job seekers...
Nasscom sees signficant fall in campus hiring too
New Delhi: Rising automation and low attrition in IT sector may act as a dampener for job seekers with industry body Nasscom expecting hiring to decline by up to 17 per cent to 1,50,000 in the current fiscal. The 108-billion dollar Indian IT-ITeS sector provides employment to about 3 million professionals.
"I think we will have net additions of 150,000-180,000 this year. Last year it was about 180,000," Nasscom President Som Mittal said when asked about the hiring environment. Explaining the decline, he added: "It might be less than last year, as it is getting non-linear and lower-end jobs are getting automated.
The profile is changing and we need more domain experts." Attrition levels have also come down to around 14-15 per cent against the industry average of 20 per cent earlier. Mittal also said that campus hiring may fall significantly due to change in hiring patterns."Campus hiring may be 60 per cent of what it was last year," he said, adding that now employers are focusing more on soft skills and leadership qualities than on technical skills.
TCS hires 174 US graduates
Mumbai (Agencies): At a time US making tougher visa laws for IT professionals, the Indian IT major, Tata Consultancy Services (TCS) said it hired 174 college graduates in the United States. Company said that about seventy-four of the new hires have already joined the company, while the remaining will join over the next few months.
The company has hired 500 US graduates over the last four years. The US senate has passed rules banning workers on H1-B visas from being deployed on client sites.