Increased ventures and revenues have led to an increase in demand for new hires by the top IT companies in India. Tata Consultancy Services (TCS) has planned to recruit 60,000 employees this year. Wipro and Infosys Technologies have also planned to hire more employees. Infosys will be hiring 12,000 candidates by this quarter and 45,000 candidates by the end of this year. TCS reported a rise in revenue for the fi scal year 2010-11 at 24.3 per cent. It has anticipated an increase in its annual sales by 20 per cent in the near future. To slow down its attrition rate, TCS will off er a raise of 12-14 per cent in salary. Infosys, too, will increase remunerations by 10-12 per cent. Th is is a simple refl ection of the bullish employment market, following which, companies in India plan to recruit new personnel at a fast pace.
Volume 1 Issue 3