We are seeing some staggering numbers in the hiring of tech companies in India.
Tata Consultancy Services plans to hire 37,000 professionals for its domestic and overseas markets through campus placements in the financial year beginning April 1,2011. The top five companies are estimated to hire 160,000 to 180,000 new employees in the next one year, according to Kris Gopalkrishnan, managing director and CEO, Infosys Technologies.
As India cruises towards 10 per cent GDP, there is going to be heavy demand for more IT professionals in the coming years. But the key question is, what is the employability of new graduates from these institutions?
Some recent studies show that less 30% of the new graduates are ready to hit the ground running. As a result, top IT firms end up spending millions and millions in re-training the graduates.
Some serious innovation needs to happen in making the economics of hiring tenable.
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Published by: Hardik Chitroda in Blog