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Tech cos go slow on campus hiring; TCS, Infosys buck trend
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Tech cos go slow on campus hiring; TCS, Infosys buck trend
22 Dec 2008 Mumbai: Top four IT companies made 58,000 campus offers for the financial year 2009-10, down by 2,000 from the current year. Recruitment for Tata
Consultancy Services (TCS) and Infosys has gone up by nearly 2,000 each, a large chunk of this has come from tier I and tier II colleges, while this has gone down for Satyam and Wipro.
Campus recruitments for the year usually start in May-June of the previous year. IT companies are given first preference as they hire in greater numbers than other sectors. Engineering colleges, traditionally the recruitment bastion for IT companies, have felt most of the brunt of this drop in recruitment.
However, the decline in demand was not reflected in the pay packets as salaries being offered for 2009-10 recruits remain flat compared to 2008-09, which saw a hike of at least 10% across the software companies. TCS and Infosys offered Rs 3.15 lakh per annum to engineering graduates which is the highest salary for 2009-10.
Source:
http://economictimes.indiatimes.com/Infotech/Tech_cos_go_slow_on_campus_hiring/a
Consultancy Services (TCS) and Infosys has gone up by nearly 2,000 each, a large chunk of this has come from tier I and tier II colleges, while this has gone down for Satyam and Wipro.
Campus recruitments for the year usually start in May-June of the previous year. IT companies are given first preference as they hire in greater numbers than other sectors. Engineering colleges, traditionally the recruitment bastion for IT companies, have felt most of the brunt of this drop in recruitment.
However, the decline in demand was not reflected in the pay packets as salaries being offered for 2009-10 recruits remain flat compared to 2008-09, which saw a hike of at least 10% across the software companies. TCS and Infosys offered Rs 3.15 lakh per annum to engineering graduates which is the highest salary for 2009-10.
Source:
http://economictimes.indiatimes.com/Infotech/Tech_cos_go_slow_on_campus_hiring/a
