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Mr Ganesh Natarajan

R. Savitha

Pune, Nov. 11 “Reduced hiring is not because of the slowdown. There are other reasons too . First, since March 2008, there has been a tightening of the utilisation of personnel. Secondly, most of the companies are hiring personnel who are immediately put on the projects, and not for the bench. The third of course is the five to six per cent lower growth rate,” Mr Ganesh Natarajan, Chairman, Nasscom, told Business Line.

He, however, categorically stated that the reduction in employees in any one company might be due to tweaking of their policies .

Mr Ganesh also pointed out that most of the campus offers were being honoured. However, he noted that for the graduates of next year, it would be a difficult phase as the hiring process would be a little slow.

It has been reported that fresh hiring in the IT and ITeS industry is likely to slow down to two lakh this fiscal as compared to 2.76 lakh employed last year.

On slowdown, Mr Ganesh said the areas that would take a hit include new application development, ERP implementation, outbound voice, brand marketing etc while the captive industry, financial accounting, banking etc would see more jobs being done out of India. The area that might remain flat include traditional application segment and infrastructure.

Mr Ganesh said it was also time for the companies to look at other geographical locations.

He said for the next 12 months, the traditional markets of the US and the UK would remain flat and even the Continental Europe would not see much movement.

The growth markets would be the APAC, South Africa and in more medium term Latin America.

And the new segments for capitalising opportunities include mobile gaming, animation, utilities and new product development.

Mr Ganesh noted that industry is in a watchful phase and companies which had a good value proposition did not have to worr

y about the global meltdown. “It is only those companies which are doing undifferentiated work which would suffer this meltdown and these would have to choose their strategy if they have to keep themselves above the slowdown,” he added.

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