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Monday, August 11, 2008

Information Technology firms slow campus hires

From Matrimonials to swank offices, software engineers have been much sought after since the information technology boom brought thousands of lucrative jobs into India. Times are changing, though.

As the US economy goes from bad to worse, India's biggest outsourcing customer is getting stingy about placing new orders.

The result: IT firms are hiring less and offering less as they pick talent from campuses. In some cases, they are even refusing to go through with offers they've already made.

This is the first time since the outsourcing boom began a decade ago that IT companies are dragging their feet on campus hiring, placement officers at colleges across India told Hindustan Times.

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Wednesday, June 11, 2008

Job prospects best in India

Despite fears of an economic slow down at home and a slump worldwide, the country's employers are looking for workers actively. India has topped a global employment outlook survey, powered mainly by service industries such as IT, realty and financial services.

The latest quarterly survey of about 5,636 employers - part of a global sample of 55,000 - by multinational human resource firm Manpower Inc says that India's Net Employment Outlook for the July-September quarter stands at 45 per cent, the highest in the world.

"The strongest hiring intention is seen in sectors such as the services, finance, insurance, real estate, media and tourism," said Naresh Malhan, managing director of the Indian unit of Manpower .

Hiring intentions are weakest in the whole sale and retail trade industry sector and the manufacturing sector where employers have indicated a decline in their hiring plans.

To read the full article, click here...
To read the ePaper, visit: http://epaper.hindustantimes.com

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