I happen to meet an young college guy during one of the runs. Was trying to break ice and getting to know more about him. He introduced himself, graduating from a decent college in Chennai, Bacheloring in Electrical and Electronics. Got myself introduced, He knowing me working in software for about 7 yrs now, immediately asked "Every one these days work in software, What is this software all about ?". I was awestruck by his question as +2 students these days have fair idea about software. Anyway, was trying to explain though not convincing. He immediately announced " got an offer from TCS with 3.2 lakhs per annum". I was dumbstruck.
Whom to blame ?. The org that offered him or this employee guy. No but the job market in India
Showing posts with label Software. Show all posts
Showing posts with label Software. Show all posts
Saturday, July 28, 2007
Saturday, June 30, 2007
TCS on hiring spree
In a recently concluded campus interview in Chennai, TCS offered placements to 1000 engineers in a day. This is a mammoth recruitment, possibly a world record too!!. I believe the current strength of TCS is 90K and they are likely to touch 100K in few months from now at this rate.
What makes TCS to go on a hiring spree especially fresher’s. There are combination of reasons to this, they are
1) There is an ever growing market for Software as such. Still there is huge number of things to be automated. S/W needs to breakthrough sectors where there is dependence on manual labor yet, making a great demand for s/w professionals. Simple equation, demand is kind of exponentially higher than supply.
2) Of course the outsourcing story which we all know adds more workforces to Asian based S/W enterprises
3) This factor is bit tricky. The Indian based MNC's are seriously in to cost cuttings after the recent downfall in dollar rate against the rupee. The thinking is that replacing an experienced engineer with a fresher this was echoed by CFO of TCS in one of his interview with a popular news channel. This is quite terrorizing, people like me with 7 yrs exp need to be watchful and careful, better to go on their own :-)
All these days and still there is a good demand for junta with 1 to 3 yrs experience but i believe this demand would subside as the cost of hiring a fresher and training him/her for 3-6 months is much cheaper than a paying a experience candidate with 1 to 3 yrs as the output from both of them would is same
If TCS hires 1000 in a day, imagine how much Infosys, Wipro, Satyam, CTS and HCL would hire ?
What makes TCS to go on a hiring spree especially fresher’s. There are combination of reasons to this, they are
1) There is an ever growing market for Software as such. Still there is huge number of things to be automated. S/W needs to breakthrough sectors where there is dependence on manual labor yet, making a great demand for s/w professionals. Simple equation, demand is kind of exponentially higher than supply.
2) Of course the outsourcing story which we all know adds more workforces to Asian based S/W enterprises
3) This factor is bit tricky. The Indian based MNC's are seriously in to cost cuttings after the recent downfall in dollar rate against the rupee. The thinking is that replacing an experienced engineer with a fresher this was echoed by CFO of TCS in one of his interview with a popular news channel. This is quite terrorizing, people like me with 7 yrs exp need to be watchful and careful, better to go on their own :-)
All these days and still there is a good demand for junta with 1 to 3 yrs experience but i believe this demand would subside as the cost of hiring a fresher and training him/her for 3-6 months is much cheaper than a paying a experience candidate with 1 to 3 yrs as the output from both of them would is same
If TCS hires 1000 in a day, imagine how much Infosys, Wipro, Satyam, CTS and HCL would hire ?
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