IT firms across the board say engineering graduates this year are readily accepting job offers unlike in the past years, when they were far more choosy.
Tata Consultancy Services (TCS), the country's largest information technology services company, will hire 50 per cent more students from campuses for 2011-12.
The company also plans to recruit over 3,000 people on onsite in countries like Brazil, Uruguay, China and in Latin America, among others.
"We have reduced the time period for improving skills. Earlier, if an employee would show even a small improvement, we would give an extension of a few more months. Henceforth, that will not be done," said Ajoy Mukherjee, vice-president and head, global human resources. The company will consider an employee's performance for the past three years so as to maintain consistency.
TCS said trainees joining it this fiscal would not be eligible for variable pay of about Rs 5,000 a month in the first six months.
Hike in H1-B visas indicates that the company is winning new deals, for which projects initially need employees onsite.
Kumudini Dakua (87)who created quite a revolution during our freedom movement, passed away at B C Roy Hospital in Haldia on Wednesday night.
'Life has been full of rewards, full of sadness.'
Largest software exporter TCS said it will keep its campus hiring target flat at 25,000 next fiscal and also ruled out pay revision for those joining next year.
IT major Tata Consultancy Services (TCS) said most of the hirings are happening in Tier-I and II cities.
TCS is hiring from over a hundred engineering campuses, MBA graduates from top B-schools in the US
TCS completed its highest ever hiring of over 90,000 new employees globally during the year.
TCS reported a 5.8 per cent rise in revenue at Rs 27,165 crore.
Tata Consultancy Services (TCS) said it will hire 55,000 employees this fiscal, including 25,000 freshers.
TCS is recognised as a Top Employer in Latin America and North America.
TCS had in recent weeks been the subject of reports of a large number of layoffs.
The company reported 13.5 per cent rise in revenue to Rs 23,816 crore (Rs 238.16 billion) in the second quarter.
Nearly six out of 10 post-millennial respondents own a smart phone, but what is remarkable is that the difference in ownership patterns between metros (58.50 per cent) and mini metros (59.36 per cent) is not much with the smaller cities scoring over the larger ones, TCS said in a statement.
TCS said employee addition during the quarter stood at 18,362
The company's revenue rose by 11.7 per cent to Rs 27,364 crore.
No change in rules that govern sending professionals under H1-B visa regime
The country's largest software exporter Tata Consultancy Services on Monday reported a stellar 72.7 per cent growth in net profit at Rs 6,413 crore for the fourth quarter of last fiscal ended March 31.
TCS will have to deliver higher revenues in the succeeding quarter of FY15.
The company also does not have a target on the number or percentage of the working staff when it comes to women, it said.
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After announcing the September quarter results on Tuesday which showed a 34 per cent increase in net profit to Rs 4,702 crore (Rs 47.02 billion), its chief executive officer and managaing director N Chandrasekaran had hinted at ramping up hiring for the fiscal.
The number of applications filed for H-1B visa this year was around 40 per cent higher than a year ago.
TCS hopes the Rs 2,628-crore (Rs 26.28 billion) bonus to its employees will help contain the high attrition level.
To increase focus on hiring people from diverse skillset
Senior management of companies use this visa for working in the US.
TCS is likely to hire hire 55,000 employees in FY15 .
Then chief minister Jyoti Basu once told an industrialist that capitalists were class enemies and he should expect no sympathy.
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