Tag: Career

IT Firms Hiring Big in India

IT Firms Hiring Big in India

BENGALURU: The Indian IT services sector may be passing through some rough weather with challenges of automation and lower growth rates, forcing many to lay off employees and reduce the rate of hiring. But many technology MNCs in the country are continuing to hire in large numbers. Companies such as Accenture, Capgemini, Oracle, IBM, and Goldman Sachs are hiring in hundreds, some in thousands.

Accenture has 5,396 job openings in India, more than four times the openings in the US and more than 12 times that in Poland and Philippines, its other major hiring locations. French IT major Capgemini has 2,649 job openings for India, 55% of its worldwide hiring, according to the company’s website.

Oracle has 1,124 open positions for India. TOI reported last week that e-commerce giant Amazon was in process of hiring thousands in India. Their website currently lists 1,208 open positions.

Other major hirers include IBM (675 open positions), Goldman Sachs (320), Dell (285), Microsoft (235), Cisco (229), and French bank Societe Generale (185). The openings are periodically refreshed, so the total hiring in a year could be significantly more.

Hence it is needed to learn the latest trending technologies such as Hadoop, Amazon Web Services, Selenium automation testing, Angular 2, Android App Development.

The global inhouse centres (GICs) of MNCs in India are growing at 10% in terms of revenue and employ close to 770,000 people, according to IT industry body Nasscom. Consultancy firm Zinnov estimates there are 1,150 MNCs with GICs in India, and puts the employment figure at 815,000 for 2016. It is estimated that the GICs will add an additional 30,000 jobs this year on a net basis (excluding those who quit firms in the category to find jobs elsewhere). About 35% of the GICs are in Bengaluru, and 15% in NCR. “All these MNC GICs are doing their digitisation initiative in India, and most of their newly added capacities are also expected to be in India,” K S Viswanathan, VP, industry initiatives at Nasscom, said.¬†

The job openings are heartening, given especially that four of the biggest IT services companies – TCS, Cognizant, Infosys and Tech Mahindra – saw their workforces shrink at the end of the June quarter. The current job openings by themselves don’t tell us whether the MNCs are increasing their hiring or reducing them. Accenture, for instance, had 10,700 job openings around the same time three years ago, but Capgemini had a slightly lower number three years ago than what it is now.

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But more and more MNCs are establishing GICs in India, among the recent ones being Saks Fifth Avenue and TransUnion. And the ones that came in the past few years are now confident enough to expand rapidly, like Lowe’s and JCPenney. Lowe’s 490,000 sq ft office space lease deal in Bengaluru was the second largest in India in the first half of this year, after that of Microsoft’s 589,000 deal, according to property consultancy Colliers International.

“If a company wants to hire 1,000 people in a quarter for things like data analytics, India is the only place where you will find people available at that kind of scale, and it will remain so,” Sandeep Mathur, former Oracle India managing director, said. MNCs, he said, had long stopped coming to India for the cost. “They need people to address their growth challenges and even automation codes have to be written by humans.”
Resource:

  1. https://www.techgig.com/tech-news
  2. http://www.businesstoday.in/sectors/it
Indian IT companies have a bright future in US: Vishal Sikka

Indian IT companies have a bright future in US: Vishal Sikka

Infosys CEO Vishal Sikka calls the Trump Administration business-friendly and entrepreneurial. He also adds that the new American government offers tremendous opportunities to do innovative work.

“We see a tremendous opportunity to do innovative work.

The (Trump) administration is a very business administration, a very entrepreneurial administration,” Infosys CEO Vishal Sikka told PTI in an interview as he refuted reports that the Indian IT companies are facing challenges under the Trump Administration.

“I don’t feel that way,” he said in response to the question during a wide-ranging interview.

“As long as we can continue to focus on innovation, on value delivery in the new areas, I think things will be okay.

Infosys to Hire 20k this Year!!!

So IT is more and more as that. The underlying skills issue, the…Making sure that the workforce is something that is frontier of the future,” he said.

Sikka said the Trump Administration is taking steps to improve the atmosphere of doing business in the US.

“If you look at the, some of the regulated industries like banking or pharma, the emphasis has clearly shifted from valuably compliant towards innovative areas, new R&D, new adoption of financial services, new adoption of technologies for faster trading, better trading, better derivative analysis,” he said.

“Areas like that, rather than a lot of spending that used to go into regulatory compliance…In the US we notice a shift in these priorities towards innovative areas and so on,” said the Infosys CEO.

According to Sikka, Indian IT companies have a bright future in the US.

“Definitely (Indian IT companies have a bright future).

We have to be aligned to the future, we have to be aware of the changes that are happening around us. We have to sense and understand and respond to those by building in the software, the services, the capabilities for the future,” he said.

“And if we do that, then I am confident that we will be relevant, we will able to thrive and this is precisely what Infosys is doing,” Sikka said.

Indian IT companies, he noted, have made extraordinary progress in the last three and half decades.

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“What has got us here has worked extraordinarily well. It has created an enormous success in the last three and a half decades. But this is not what is going to get us forward. We need to continue our core values of education, of learning, of what the future is,” he said.

“What I find after my three years of experience (in Infosys), is that the youth in India is ready for that (change). It is ready to embrace that. It is ready to be entrepreneurial, to be innovative.

“I find that one of the big challenges is to make sure that the people in senior management and so forth also understand what needs to be done and that the transformation of our processes the transformation of our mechanics, our systems, to support that future reality. That has to also happen,” Sikka said.

And that is not easy, he acknowledged.

“That is a very challenging thing to do. I mean, transformation in general is a very challenging thing to do.

And especially in our case, where our core business is under a margin pressure. It is exceedingly important to get that right,” he said.

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Resources:

  1. http://www.bbc.com/news/technology
  2. https://in.reuters.com/news/technology
  3. http://www.businesstoday.in/sectors/it