Smaller IT companies hire big
While large industry leaders in IT seem to be going slow on hiring, small and mid-sized companies in the sector are going the other way, firming up big recruitment plans for the year. Manu P Toms reports.india Updated: Jan 31, 2013 23:10 IST
While large industry leaders in information technology seem to be going slow on hiring, small and mid-sized companies in the sector are going the other way, firming up big recruitment plans for the year to support their ambitious growth plans — and also to make up for losing their staff to bigger rivals.
Among these are Chennai-based Helios Matheson, which is planning to add this year 1,000 workers, nearly a third of its current staff strength of 3100.
IT and business process outsourcing firm 3i Infotech, which has 9,500 people on its rolls, is on way to hiring more than 2,000 to offset the impact of it losing people to larger rivals, while the RPG group’s Zensar Technologies plans to hire 500."We are confident of keeping up the growth. For the past many quarters we have grown 10% sequentially. On an annual basis, our growth will be 40%. We need people," said GK Muralikrishnan, CEO of Helios Matheson.
The hiring is also done to make up for loss of people who leave for other interests. Helios Matheson plans to make a net addition of 650 to its work-force in 2013 — more than double the 261 it hired in the previous year.
For 3i Infotech, which is emerging from debt troubles, furious hiring is a way to tide over the 24% attrition it is facing. “We are in a consolidation phase. Whatever manpower we lose we will make up for that through hiring,” said Madhivanan Balakrishnan, its CEO.
“The midcaps are changing their just-in-time approach to hiring and emphasising on employee pyramid rationalisation,” said Ankita Somany, IT sector analyst at Angel Broking.
The “pyramid rationalisation” is jargon for keeping a healthy ratio between experienced hires and fresh graduates.
The fact that mid-sized firms do not have a large unutilised workforce sitting on the “bench” (like in large firms) makes their hiring planning easier.