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The Times of India Monday July 28, 2008
'Outplacing' employees to become leaner |
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Busniess Line Thursday July 08, 2008
Hefty salary hikes turn a thing of the past |
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Livemint.com (THE WALL STREET JOURNAL) Tuesday June 10, 2008
Small outfits offer big opportunities |
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Busniess Line Thursday May 22, 2008
They are beginning to look beyond IT space |
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The Times of India Saturday March 15, 2008
More pink-slips for techies this year |
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The Economic Times Tuesday March 11, 2008
Hiring in IT industry slows down 40-50% |
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Corporate News Wednesday March 5, 2008
Microsoft, Infosys 'incubating talent' to beat attrition blues |
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The Times of India Monday January 14, 2008
Rookies rule the roost today.... Fresh Look |
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The Times of India Friday January 4, 2008
Bada title, chhota kaam from indian techies |
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The Economic Times Wednesday January 2, 2008
ENABLING COMFORT At Workplace |
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The Hindu Business Line Wednesday January 2, 2008
Hiring moves beyond realm of IT, ITeS |
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Cos going slow on lateral hires |
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Business Line |
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October 23, 2008 |
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Anjali Prayag |
Bangalore, Oct.22 The HR departments of IT companies across all levels have been asked to go slow on hiring laterals for the coming quarter. According to HR sources, talent acquisition at large companies is now only for ‘critical positions,’ and ‘not done unless absolutely necessary.’
When asked to comment on the near-freeze situation, Mr Pradeep Bahirwani, Vice-President, Talent Acquisition, Wipro Technologies, said, “We’re hiring as per business requirements. But we are trying to squeeze everything out of the bench.”
Dr Pallab Bandyopadhyay, Vice-President & Head, HR – Asia Pacific, Perot Systems, agrees that the industry has slowed down lateral recruitment by about 20 per cent. “But at Perot, currently we have 300 positions to fill,” he says.
Large companies such as Infosys have put the brakes on lateral hiring because of their exposure to the financial sector, says Mr Rishi Das, CEO, CareerNet Consulting. In his opinion, the situation is of a mixed nature in the IT sector. “There is about 30 per cent slowdown in certain large companies, but mid-sized companies such as Symphony Services, MindTree and Sasken are still hiring about 150-200 people per month.”
Most IT companies are now trying to do more with less, says Mr Gautam Sinha, CEO, TVA Infotech. In his opinion, though there are no signs of slowdown in work, companies are, however, slamming the brakes on hiring in anticipation of less work in two-three months. Candidates too are tentative about a job change in such a scenario, says Ms Nirupama V.G., Managing Director, Ad Astra Consultants. Interestingly, candidates are more willing to look at Indian companies now, according to her. “But they are clear about not opting for jobs in start-ups,” says Mr Das of CareerNet.
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