IT companies continue hiring in this year, despite dull business

IT companies would continue hiring in this year, despite predictions of a fall in business from global clients due to the economic slowdown and competition from bigger rivals are expected to take their toll.

Infosys has announced it will hire 35,000 people this fiscal (FY'13), Tata Consultancy Services (TCS) which to recruit 50,000 personnel, Tech Mahindra Ltd and Satyam Computer Services Ltd (which are in the process of a merger) up to 10,000 staff for the combined entity.

Hexaware Technologies, which follows a calendar year, intends to hire an additional 1,500 personnel in 2012.

"With business demand continuing to be robust, we have made 43,600 campus offers to trainees to join us from the second quarter of this fiscal year,'' Ajoy Mukherjee, executive vice president, head, global human resources, TCS, said.

The hiring also comes at a time when attrition of these firms has dropped from that a year ago. The attrition rate of Infosys stands at 14.7 per cent as on March 2012, compared to 17 per cent in the same quarter previous year.

TCS has an attrition of 12.2 per cent and that of Hexaware Technologies stood at 11 per cent, both down from the previous year.