India Inc on the road to recovery

India Inc is on the road to recovery from the global downturn struck the world economy, with companies showing buoyancy on hiring and salary increases, a survey by global HR consultancy Mercer says.

Corporate India is expected to witness an average eight per cent salary increase this year and as much as 50 per cent of companies have strong hiring plans for the next three months.

India Inc's hiring activity has picked up 4.1 per cent with IT, BPO and real estate sectors turning bullish after a long time, according to a report by job portal naurkri.com. Meanwhile, officials from several colleges say that firms such as TCS, Wipro, Infosys, HP, Cisco, Sapient, IBM, Convergys BPO and Symphony Services plan to hire in a big way.

Infosys has announced an across-the-board salary hike and promotions with effect from October 1. When domestic salaries have risen by 8 per cent, onsite remunerations have gone up by 2 per cent. This is expected to reduce the company's margins by 2 per cent in the next two quarters. Wipro is also looking forward to campus hiring by the end of the year.

Outsourcing giant Accenture and India's largest IT firm Tata Consultancy Services (TCS) have approached HR firms for large scale recruitment. In response to a rebound in IT outsourcing contracts, IT services provider iGate has also announced it plans to hire 1,500 people in the calendar year 2010.

India's fourth-biggest software exporter, HCL Technologies, said its revenues for the first quarter ended September 30, 2009, rose almost 29 per cent and is planning to hire 2,600 software engineers in October-December quarter to cope with a growing demand by expanding its existing service lines.

The ITeS/BPO sector saw an increase of 18.3 per cent in hiring activity in September, while real estate and retail saw a rise of 36.8 per cent and 12.2 per cent, respectively.

However, students are aware of the weak dollar and the impact of the credit crisis, and are ready to get placed with salaries ranging between Rs 1.8 lakh and Rs 5 lakh.

Here we come for you dear friend "PEOPLE FIRST", Job-seekers just send your RESUME to hr.peoplefirst@gmail.com or write "JOB" and send it to "09713617743"


Source:Yahoo News