Global IT and product engineering services company MindTree will recruit about 4,000 freshers from the campuses during the fiscal 2012-13. This is part of its efforts to widen the employee base to cut down personnel expenses, said its VC Subroto Bagchi. “We are not flat at the base. We need to achieve that so there will be significant addition of freshers,” he said. “We could have been more risk taking in our earlier attempts. The markets did not perform as bad as has been portrayed,” he said adding the firm for the next fiscal did not want to be a conservative recruiter.
EIGHT IT companies expressed their interest for setting up operations in Andhra Pradesh involving an investment of Rs 4,000 crore. These projects promised direct employment to about 32,000 people. According to IT and communications minister Ponnala Lakshmaiah, HCL committed to Rs 250 crore investments and proposed 8,000 jobs, Deloitte Consulting Rs 900 crore (7,500 jobs), Prithvi Information Solutions Rs 150 crore (5,000 jobs), OSI Systems Rs 120 crore (900 jobs), NCR Rs 430 crore, WNS Global Services Rs 83 crore (2,158 jobs), Lampex-Samsung Rs 1,875 crore (10,000 jobs) and Sify Rs 161 crore (1,500 jobs) during the year 2011. All these companies have sought about 135 acre from the government of Andhra Pradesh, he said.
DESPITE uncertain economic conditions, hiring seems to remain stable in 2012. Industry players say sectors, including IT, education and healthcare, are expected to be the major recruiters next year. The organized sector was expected to see a slowdown in hiring during the present quarter due to reasons such as higher cost of fund raising and uncertain conditions like labor unrest in the manufacturing sector. The segment is expected to end the year with a shortfall of about 220,000 jobs, against the projected 1,600,000. E Balaji, managing director and chief executive officer of recruitment firm Ma Foi Randstad, says, “Though we see a sluggish mood in hiring toward the end of 2011, this could only be a temporary problem as long term growth story of India is still intact. Many sectors still enjoy favorable excess demand and it is important that they overcome the immediate challenges, protect the growth potential and generate jobs.“