Help
Home
Search the Forum
You are Here :
Forum
General
Job seekers discussion, Job Articles, company details, info
IT hirings may drop by 20% in FY-09
Ask Question / Post resume
Post a reply to the thread:
IT hirings may drop by 20% in FY-09
Your Message
Your Username:
Click here to log in
Notes:-
1) You can copy and paste your full resume in the box below.
2) Or you can ask your question. We try to answer, as far as possible.
Title:
[QUOTE=Admin;586]“In the next couple of quarters, we want to make sure America is healthy for us. After that, we might revise the figure to around 17,000,” said SV Krishnan , human resources (HR) head of Satyam. Around 51-53 per cent of the company’s revenues come from the US. Just like most of its fellow Indian IT companies. Meanwhile, Satyam is looking at utilising its people better and getting more and more productivity from its existing employees, according to him. Though Wipro and Infosys did not respond to the question, most Indian IT companies seem to have adopted a similar ‘wait and watch’ policy until clouds of uncertainty on the impact of subprime crisis and US recession clear out, according to analysts and HR consultancies. Efforts to increase productivity per employee is also likely to put pressure on new hiring. “Unless Indian IT companies, especially those in the tier I category, improve their revenue per head by 15-20 per cent in the next 12 months, they will not be sustainable. So, reduction in the number of new hires is actually good news,” said Partha Iyengar, analyst and India-head of resarch of Gartner. As Indian companies move up the value-chain to higher-end domain led development , they have to break the linear dependence on headcount for revenue growth, he said. Even a back of the envelope calculation shows, that the revenue per head of multinational companies like IBM and Accenture is around three times higher than that of Indian companies. But the good news is that there is no slackening up on the demand side or any drastic cutting down of projects, according to Iyengar. After the initial turbulence in recruitment during the first quarter, it will be made up in second and third quarter of this fiscal, he said. At the most, the sales cycle will become longer and what would have earlier taken two months to close may take four months in the current scenario, he added.[/QUOTE]
