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November 20, 2006 13:46 IST
Domestic IT firms are continuing their hiring juggernaut, but it is their bench strength or reserve employees that is growing at a higher rate than the overall pace of recruitments.
The total headcount of the fab-five club of Indian IT space -- TCS [Get Quote], Infosys [Get Quote], Wipro [Get Quote], Satyam [Get Quote] Computer and HCL Technologies [Get Quote] -- has increased by nearly 38 per cent with addition of more than 75,000 employees in the past one year.
At the same time, the bench strength of the top five players has grown at a higher rate of 48.5 per cent with approximately 28,000 employees being added to their reserves during the same period.
The high levels of attrition and job-poaching prevalent in the technology sector has always forced companies to maintain a strong bench staff team with them -- which enables them to cope up with any sudden outgo of employees as well as in the times of any major contract win that requires a bigger talent pool.
However, the trend has been further shifting toward maintaining a bigger bench strength in the recent past, an analysis of total hiring patterns of the country's top five IT firms over the past one year shows. Want to discuss computer software? Join the Computer software Discussion Group
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