Indian ITs top 5 employers

The recruitment front is once again buzzing in Indian IT. After months of budget cutting and so-called rightsizing, hiring seems to be back with vengeance at IT companies. Almost all IT companies have revised their hiring targets.

As the companies announce their first quarterly results, we take stock of their hiring in the fiscal year 2009-10. IT industry body Nasscom has released its annual list of Top 20 IT-BPO Employers in India

Tata Consultancy Services



Tata Consultancy Services Little surprising that topping the list of biggest IT employers in India is the country’s numero uno IT services company Tata Consultancy Services (TCS).

Backed by a robust financial performance in the first quarter (April-May-June), TCS has raised its hiring target. The company now plans to hire 40,000 this year, higher than the around 30,000 it had projected earlier this year.

The company in the Q1 added a net 3,271 employees, raising its total strength to 163,700.

Infosys Technologies




Next on the list is the country’s second biggest software exporter Infosys Technologies. At the end of June 2010, the company and its subsidiaries had 114,822 employees as against 103,905 a year ago and 113,796 at the end of fourth quarter (Jan-March).

During the first quarter 7,833 employees quit Infosys for various reasons, including involuntary attrition. The gross addition during the first quarter was 8,859 people, while the net addition was 1,026 only. The attrition rate in Infosys shot up to a whopping 16 per cent during the quarter (April-June).

Wipro



At no. 3 is the India's third-largest software services exporter Wipro Technologies. During the June quarter, the company added 4,854 employees taking the total headcount to 1.12 lakhs.

The company also announced that it plans to add as many as 20,000 employees in the next three years. In the month of Feb, the company gave a pay hike in the 8%-12% range with some even getting a 15% increase.

However, like its peers, Wipro too suffered high attrition rate during the quarter. The attrition rate at Wipro jumped to 15.8 per cent during the first quarter (April-June) of this fiscal (2010-11) from 9.8 per cent in like period year ago (2009-10) and 12.1 per cent quarter ago.


Cognizant Technology Solutions India Pvt Ltd



Nasdaq-listed Cognizant Technology Solutions Corporation, a leading provider of information technology, consulting, and BPO services, ranks at no. 4 on the list of India’s biggest IT employers. With over 50 global delivery centers, the company has approximately 80,300 employees as on May 4, 2010.

At the recent annual Nasscom HR Summit 2010, R Chandrasekaran, President and Managing Director, Cognizant, said that during 2009, nearly $1.4 million was spent on training activities. The average training period for an existing employee was two weeks.

HCL Technologies



Next on the list of biggest IT employers is India's fifth largest software services exporter HCL Technologies Ltd.

The Noida-based company, which follows a July-

Source:- Timesofindia Jul 30, 2010