Employee hiring by the top software companies slowed considerably in the June quarter given the global slowdown. However, companies are confident of bouncing back in the remaining period of the year.
In fact, for the top two (Tata Consultancy Services and Infosys), it was the lowest employee net addition in the last four quarters.
Wipro bounced back in the June quarter after lower hiring in the March quarter. In fact, the net hiring of Wipro was more than double that of Infosys.
Net addition for TCS in June was 4,962 compared to more than double the number in the previous three quarters.
Infosys’ net hiring was only 1,157.
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For Cognizant, which in the June quarter overtook Infosys as the second largest software company, the hiring in June was better than March but no way near its high of 7,000-plus in December 2011 and 12,000-plus in the September 2011 quarters.
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To pick up paceDespite the drop in hiring numbers, both TCS and Infosys were confident of hiring more as the year progresses.
“We model our recruitment to the demand. At the same time a lot of recruitment we do is of college freshers and is done early on. The cycle time is about 18 months. We had already given offers to 23,000 people last year to join this year starting July,” S.D. Shibulal, CEO, Infosys, told analysts while discussing the company’s June quarter financial results.
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