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July-September 2004 has been a great time
for geeks. The IT trio of Infosys Technologies,
Wipro and Tata Consultancy Services (TCS)
added 14,530 employees to their rolls. They
plan to add a similar number during October-December.
The biggest of them are snapping at the
heels of Old Economy majors. TCS including
subsidiaries, for instance, with 40,948
people is a shade behind Tisco (44,000),
one of the biggest private sector employers.
TCS grew by 3,974 people last quarter. Tata
Motors, one of the fastest growing manufacturers,
added just 250 people in double that time,
April-September 2004.
In IT, however, there's demand across the
board. Gautam Sinha, CEO of Bangalore-based
recruitment consultant TVA Infotech, says:
"The IT sector hired 28,000 people
in the last quarter, 55-60 per cent freshers,
By the end of FY 2005, the total recruitment
by Indian IT firms and MNCs, will be over
100,000." Among MNCs, IBM and Accenture
have added 2,500-3,000 each.
That has created the problems of managing
the growth and maintaining organizational
culture in the face of big lateral hiring.
There is also the need to train the freshers
-60 per cent of the hires. Wipro, for instance,
has set up a team of 70, including eight
PhDs, just to deliver a variety of courses.
Says a Wipro official: "We can train
over 1,500 employees every day."
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