IT majors to hire 1 lakh people in 2010

With the improving global economic conditions, the recruitment drive in the IT space is led by biggies such as Tata Consultancy Services (TCS) and Infosys. Indian IT players will hire nearly one lakh people in the coming months.

Diptarup Chakraborti, a Principal Research Analyst at global IT research firm Gartner said that the industry is back on track with many projects lined up for completion. "The industry has turned the corner and renewed optimism will bring back recruitment across the globe," he noted. According to analysts, increased spending on IT infrastructure and improving overseas markets for outsourcers, are among the main factors for the upbeat hiring prospects.


Last week, software exporter TCS said that it would increase headcount by 30,000 in next fiscal year while Infosys announced plans to hire 16,000 people this year. Also, of the 12 companies which have announced their hiring plans, BPO giant Genpact said it would hire 10,000 people. Besides, IBM is looking at recruiting 5,000 followed by Infosys BPO (2,000), Accenture (8,000) and Mphasis (2,000).

According to Gartner, the domestic IT market is expected to grow by 19-20 percent in 2010, a sharp rise against a 2.6 percent growth in 2009. An analysis of the hiring plans announced by various Indian IT companies shows that headcount in the industry is expected to go up by more than 98,000.

Source:http://www.siliconindia.com

Date: 15th Feb., 2010

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