Industry experts are of the opinion that the spurt in recruitment happened as IT services firms went aggressive on hiring in anticipation of a strong demand environment.
Global companies, e-commerce platforms and software product firms all want skilled digital workers.
Former finance head Bansal, who left Infosys in 2015, has gone for arbitration over severance pay
The proposed annual quota for Indian companies could be between 10 and 15 per cent. Currently, there are no country-specific limits on H-1B allotment.
A recent McKinsey report warns that unless IT professionals re-train themselves, they could become irrelevant.
PSG College of Technology has invited IT firms and external agencies to conduct training.
IT services firms would no longer focus on large volume hiring from campuses like they did at least two to three years ago, as demands of clients are changing.
Expert staff in the line of fire in the tech sector. Analysts attribute these job losses to a slowdown in growth, automation of lower-end work.
If an employee bond is used to ensure that the employee never leaves, then it is illegal.
As per Indian tax laws, bonus in kind paid to the employees could be considered as salary income in the hands of the employees.
Amid headwinds across global markets, US issues fresh restrictions on H-1B visas. Ayan Pramanik & Raghu Krishnan list out the many ways in which this impacts the Indian IT industry.
'You will see more and more people working independently -- starting beauty parlours, driving cars, etc.' This is what we call the gig economy.' 'The same people who have been laid off in India or are unable to get visas to work in the US may be part of this gig economy.' 'India needs billions of jobs, and it can only be created by self-employment or the gig economy.'
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