3 Indian IT giants hire 20,000 employees in Q4
IT giants Infosys, TCS and Wipro hired over 20,000 employees in the January-March quarter, with improving business conditions propelling their recruitment plans.business Updated: Apr 25, 2010 12:48 IST
IT giants Infosys, TCS and Wipro hired over 20,000 employees in the January-March quarter, with improving business conditions propelling their recruitment plans.
According to human resources experts, IT and IT-enabled services are expected to see a huge jump in hiring this year and major companies in the sector have already set the pace.
The three IT companies put together have made net additions of 20,014 employees (taking into account attrition) in the January-March quarter.
IT giant Infosys hired as many as 9,313 employees in the quarter, but the net addition after taking into account attrition was 3,914, according to the company's financial statement for the period.
The hiring increased the total workforce of the company and its subsidiaries to 1,13,796 employees at the end of March this year.
Another IT major Tata Consultancy Services took on board a net 10,775 employees in the last quarter of 2009-10 fiscal. TCS' total employee strength has soared to 1,60,429 at the end of the last fiscal.
The hiring momentum picked up from the third quarter of the last fiscal, when TCS had made 7,692 net additions, compared with just 320 recruitments in the previous quarter.
Besides, Wipro made net additions of 5,325 employees in the Q4 FY10, taking its total strength to 1,08,071.
According to a recent survey by staffing firm TeamLease, Indian companies are increasingly upbeat about their hiring plans across almost all sectors in April-June period this year, led by an improving business outlook.
HR experts predict companies in the IT & ITes sector would hire 1,50,000 professionals in the fiscal year 2011.