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The Times of India Monday December 31, 2007
Bumper year for city in IT hiring |
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The Hindu Business Line Monday December 24, 2007
De-risking the staffing business |
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The Economic Times Thursday December 12, 2007
Career detours:Pursue dreams amid sabbatical breaks |
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The Economic Times Thursday November 29, 2007
Rupee blow : IT cos to go slow on hiring support staff |
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The Hindu Business Line Monday November 26, 2007
Building high performance teams |
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The Economic Times Tuesday November 13, 2007
IT giants fine-tune bench management |
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The Hindu Friday November 2, 2007
IT companies tighten purse strings to cut costs |
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Times of India, Sept 17, 2007
Indian tech campuses turn melting pots of diversities |
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Times of India, August 23, 2007
IT companies create shadow talent pool |
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Economic Times, August 22, 2007
IT companies show the door to deadwoods |
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Times of India, June 26, 2007
Bubble CEOs’ fill vacuum on top |
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DNA, June 15, 2007
Men are top job ditchers, women loyal, says study |
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Economic Times, May 28, 2007
Recruitment Sector gets into M&A mode |
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Times of India, May 03, 2007
Women slam move to ban night shift |
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Business Line, March 06, 2007
Venture Capital firms' move to recruit, retain talent |
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Business Line, March 01, 2007
Union Budget 2007-08 for Women |
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Times of India, Feb 22, 2007
Talent also has a shelf-life |
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Rupee blow : IT cos to go slow on hiring support staff |
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The Economic Times |
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November 29, 2007 |
BANGALORE: The rupee appreciation and the attendant hit on profit margins of IT companies is making them try out various measures to soften the blow. These range from increasing daily work hours by 30-60 minutes to cutting down on electricity costs. The latest is freezing recruitment of support staff till March 2008.
“There has been a freeze on recruitments of support staff in some IT companies till either December this year or March 2008. This is obviously a cost-cutting measure while the companies wait and watch how the situation with the rupee pans out for them,” said Ad Astra Consultants MD Nirupama VG.
The Headhunters India managing director Kris Lakshmikanth agrees and further adds support staff are non-billable employees and it makes sense to reduce the number of this group to save costs.
He added that the measure was more psychological and was part of other initiatives like making employees work for an extra 30-60 minutes everyday
Among the companies, which have taken the step, are Wipro, Infosys and IBM, say sources.
Support staff in IT firms generally comprise people in HR, administration and finance roles. They are non-billable and are considered ‘cost centres’ for organisations. So most IT companies in India use temps to fill most of these roles
Though there are no statistics on how many support staff are there in the country’s IT industry, HR analysts say, the thumb rule is that there has to be at least one support person for every 60-80 IT people employed. This number varies from company to company.
The IT industry employs about 1.6 million people. So, calculating the ratio of 1:60 or 1:80 would peg the number of support staff at over 2 lakh. However, a majority of these are temps.
Since the temps have 3-6 month contracts with the company, it is easy to just end contracts and not renew or replace them. According to Ms Nirupama, support staff whose contracts are not renewed are finding greener pastures in various start-ups where their experience of working for big companies comes in handy.
However, Ashok Reddy of Teamlease says that he hasn’t seen any sign of IT firms stopping recruitment of support staff though the requirements have reduced.
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