News: IT companies resort to poaching & talent hunt from competitors

Talent Acquisition

IT companies resort to poaching & talent hunt from competitors

Infosys poaches top executives from its competitors in order to accelerate headcount abroad.
IT companies resort to poaching & talent hunt from competitors

The IT companies in India have started rushing to hire for overseas amid the recent turmoils and chaos in the market.The desire to hire the best have led these companies to poach and hunt talent from their competitors.

As reported in media, Infosys has reported having poached 12 executives from Cognizant, 13 from Capgemini, 5 from TCS, and 8 each from Wipro, Accenture and IBM in the fiscal year which ended in March. They have also reported hiring from HCL Technologies, Zensar, Tech Mahindra and ITC Infotech. 

As reported earlier in People Matters, Infosys has announced that it will add 10,000 in the US and set up four technology and innovation hubs there over the next two years. The announcement has gained currency worldwide, as it comes on the heels of two important recent developments. One, the American president signed an executive order last month that warranted a review of employment immigration laws, to promote ‘Hire American’ policies. The order suggested changes in the present structure of allotment of H-1B temporary visas. Two, business giants from Japan and China too, have recently pledged billions of dollars, and a million jobs, respectively, to warm up to the new administration in Washington. 

Other IT companies are also looking out different ways to ramp up their hiring overseas. Cognizant, another major IT company which hired 4,000 people in the US in 2016  is now planning to step up its pace of hiring. Debashish Chatterjee, President of Digital Systems and Technology at Cognizant shared in media that they have been hiring technology and management from dozens of US campuses as well as from the lateral market and have made a number of acquisitions and also rebadged employees from our customer organizations.

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Topics: Talent Acquisition

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