While the economy shows signs of volatility, there are companies such as HCL Technologies, ITC, Cisco Systems, Lupin, Hyundai, Mercer Consulting, Edelweiss and Yatra.com, who are sailing against the tide and are planning to significantly increase their hiring. They believe that economic situations like these are an opportune time to hire the best of talent at comparatively lower costs and achieve business gains. For that matter, technology major HCL Technologies plans to create more than 10,000 jobs globally and a few thousand more in India. ITC, which is into the business of tobacco, hotels, and consumer products, plans to go for an almost 300 percent jump in hiring for the next 2 years. In fact, it will hire approximately 200 people this year. Cisco Systems too is stepping up hiring this year to meet increased demand of business needs. Given the fact that a number of top drugs will lose patents in 2016-17, the 11,000 employee strong pharmaceutical company Lupin is preparing for growth in the generic drug industry. It is planning a 100 percent increase in its hiring numbers to meet its 20 percent year-on-year growth. Likewise, other pharmaceutical majors such as Dr Reddy’s Lab and Sanofi Aventis too plan to increase their respective hiring. In the same vein, Edelweiss, a leading stock broking company, plans to hire 500 people this year while Standard Chartered Bank plans to increase its hiring numbers from campuses.
Travel portal, Yatra.com is increasing hiring for this year by 15 percent to 20 percent across all lines of business for sales, operations, product, marketing and technical profiles. Having hired talent from IIT Madras and IIM Bangalore, auto major Hyundai, which is geared to enter the next phase of growth, plans to hire recruits from other IITs and IIMs for its global role. HR consulting firm Mercer too is hiring to build capability to meet business growth. It is estimated that Mercer will expand hiring by 15-20 percent in 2012.