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The Indian HR fraternity is at least 15 years behind its peers in other countries in terms of research, case studies, career development frameworks and career architecture and the reason for this is that the industry has grown faster than the pool of expertise and experience available.
Speaking at the CII conference on ‘HR for Emergent India,' Mr T.V. Mohandas Pai, Director and Head, HR, and Member of the Board, Infosys Technologies, said that the IT sector had succumbed to fun and games and not focused on career development. “Now is the time to invest in people. If it's only about giving money, then, it will make the industry uncompetitive,” he said.
Mr Prithvi Shergill, Human Resources Lead, Accenture India, explained that business and jobs have grown bigger than the talent available and, therefore, the speed to market is of essence.
Mr Hari Thalapalli, Chief Marketing Officer and Chief People Officer, Mahindra Satyam, spoke about the transition in the company and how the HR had to bring in a complete change management strategy to ‘embrace the new normal.'
IT HR experts present at the meet were of the opinion that salaries in the IT industry are likely to rise in ‘high single digit' or ‘low teens.'
Speaking to reporters here on the sidelines of the CII–HR meet, Mr Mohandas Pai, said the days of huge increases in the sector have come to an end. There would be more investment in terms of employee engagement and career development programmes by companies in the coming years.
“Freshers' salary too has stabilised as talent supply has steadily increased over the years,” he said. More than 1.2 million engineers have joined the employee pool this year and fresher salary may not see much of a change for the next 3-4 years.
Mr Hari Thalapalli said that the company would take stock of hikes offered by other players in the industry before deciding on annual hikes for the coming fiscal.
“The story of resurrection is a high driver for us now,” he said. Mahindra Satyam currently has 28,800 employees and plans to hire 6,000-7,000 next year. The company has a higher mix of lateral to fresher currently and plans to change this ratio in the coming years, he added.
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