In the face of weakening global scenario, recruitment firms expect India Inc. to tread cautiously, hit the brakes and go slow on hiring. According to estimates by Ma Foi Randstand, the organized sector will create 229,000 fewer jobs by the end of the year than earlier estimated. Learning from the experiences of the last slowdown, companies are more likely to opt for talent optimization rather than going overboard with hiring targets.
Amidst this backdrop, the hiring plans of IT and software major suggest that the job scenario in these verticals will continue to be strong even in 2012. The country’s largest software exporter Tata Consultancy Services (TCS) which is on its way to meet the target of 60,000 hiring this fiscal, has plans to hire as many as 45,000 freshers next fiscal. Yet another software major Oracle India is looking for people who are motivated and talented with a belief in innovation, determination and excellence. It has plans to hire 3,500 new personnel in India across all its business by May next year to support its growth across all business units – software, hardware, middleware, applications etc. Sandeep Mathur, Managing Director, Oracle India, says, “With our current workforce and the new hire plan of adding 3,500 more people, we want to ensure we have the right talent, skills and attitude to fuel the growth of our company and serve our customers as they embark on their transformation journeys.”