Pink-slips worldwide, but India on a hiring spree
The news around the world is that employees are fired from their jobs because of the global meltdown and cash crunch. Citigroup decided to cut 53,000 more jobs. So is the case with Ford, General Motors and a host of other international companies including the hi-tech Silicon Valley. The situation is no different in Europe, China, Japan and South-East Asia.
Contrary to this global trend Indian MNCs, banking majors and other sectors are on a hiring spree.
According to reliable reports, SBI will hire 25,000 employees in this financial year, 20,000 in the clerical cadre and 5,000 supervisory staff.
Bank of India will hire 10,000 people over the next few months. This is in addition to the 30,000 fresh recruits hired in 2008-09. In the next two years, the bank plans to take in 75,000.
Accenture will hire 10,000 people in India by 2010. Deloitte Touche Tohmatsu, top global management consultants, is planning to hire 3,500 in India in three years.
MetLife, an insurance company, will recruit 30,000 agents and 2,000 managers by March 2009. Aegis BPO Services will add 1,000 people per month during this financial year.
IIM Bangalore and IIM Calcutta sources say all their students have got placements for next year.
TCS will hire 30,000-35,000 people this year. TCS made 24,789 technical campus offers for 2009-10, a 13% jump over this year. Infosys will be hiring 25,000 people during 2008-09. Infosys has plans to recruit around 20,000 people in the year 2009-10. Satyam plans to hire 8,000-10,000 people this fiscal. L&T will hire 10,000 people over the next three years. Maruti will hire 1,000 fresh hands.
The Indian recruitment scenario is not as bad as the rest of the world is experiencing.