Communications of the ACM
2011 Will Be Landmark Year For Hiring in India
Credit: The Times of India
In India, 2011 is expected to be a significant year for tech hiring and job mobility as market visibility improves, global customers increase their spending and project pipelines remain full. External headhunters are optimistic about a very bullish trend of hiring requirements going up by 60% to 70% this year compared to last year, when hiring increased 20% over the previous year. The industry will see around 200,000 new engineering graduates entering the job market this year while another 300,000 people will move and change jobs within the industry. Also, there will be over 100,000 other graduates entering the market with undergraduate degrees in computer science-related fields.
In addition to this influx of young graduates, nearly 50,000 mid-to-senior people are expected to join the IT industry from traditional vertical industries like manufacturing, auto, oil, telecom and logistics. The IT/ITES industry employs around 1.5 million people and at least 25% of that population will be looking for a new job this year. Many people stayed put in organizations over the last three years due to sheer want of options outside. As a result of the new mobility, net hiring is expected to increase by around 400,000 people this year, compared to 200,000 in 2010 and only 100,000 in 2009.
Within the Indian IT industry, the mood is very optimistic, resulting in an upsurge in hiring. Hiring in the IT and retail sectors will more than double this year, experts say. Domestic players like Tata Consultancy Services, Infosys Technologies and Wipro will be the primary hiring organizations for recent graduates. In fact, recent grads will account for 70% to 80% of their hiring this year while multinationals like IBM, Accenture, HP and Capgemini will drive the lateral hiring sector each with an annual mandate of 15,000 to 20,000 people. To meet their increased hiring needs, some organizations were forced to increase the number of their support staff, after maintaining a thin staff for the last three years.
From The Times of India
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