Business Daily from THE HINDU group of publications
Wednesday, Oct 17, 2007
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Business Daily from THE HINDU group of publications Wednesday, Oct 17, 2007 ePaper |
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Software Info-Tech - Human Resources
S. Padmanabhan Our Bureau Mumbai, Oct. 16 Tata Consultancy Services (TCS) expects wage rises to stabilise by fiscal year 2009 and has unveiled plans for hiring about 9,000 people for the quarter ending December 31. The plan of hiring 35,000 new employees during fiscal 2008 was well on track, Mr S. Padmanabhan, Executive Director, Human Resources, told presspersons on Tuesday. “Even though new service areas have been witnessing tremendous sequential growth, we will continue to hire the maximum number of professionals in the IT services space,” said Mr Padmanabhan. Wage inflation, which was projected to be between 12 and 15 per cent for companies such as TCS, had peaked in the previous fiscal, added Mr Padmanabhan. “We believe that wages will rise, but not as high as they had in the previous fiscal due to a variety of factors such as the availability of talent, pricing by competitors and the general market sentiment. Moreover, the demand-supply ratio is stabilising, which is good news for the industry,” he said. The Mumbai-based company intends to further its ‘Ignite’ and initial training programme (ITP) initiatives by bringing them to tier-II cities such as Chandigarh, Bhubaneshwar, and Guwahati. Ignite trainees are science graduates who are put through a seven-month regime. TCS has already recruited 500 graduates from its lone Ignite center in Chennai and it intends to add about 3,000 professionals from this programme by next fiscal, said Mr S. Ramadorai, CEO and Managing Director. The TCS scrip was down by 0.52 per cent to close at Rs 1,068.1 on the BSE on Tuesday. TCS plans aggressive hiring in north India ‘TCS, Infosys, Wipro top 3 employers’ TCS offers 1,100 jobs in Orissa TCS hiring more than 32,000 this fiscal More Stories on : Software | Human Resources | Tata Consultancy Services Ltd
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