MNCs to dominate tech hiring wave in India

[OhioChick]

< 3 Jan, 2007 0059hrs ISTTIMES NEWS NETWORK >

BANGALORE: The multinational companies will dominate tech hiring wave in India, during the next three calendars, giving their domestic counterparts a backseat.

MNCs alone are expected to hire 1,50,000 people in the country during calendar 2007 against around 60,000 recruitments they have cumulatively accounted for in the previous calendar.

The MNC hiring will more than double year-on-year in the next three years till 2009. That means, domestic tech firms, that have been going great guns with large-volume hiring during calendar 2004,'05 and '06, will put hiring on a backburner, say industry observers.

Accenture, Bearing Point, CapGemini, EDS, IBM, JP Morgan and Merrill Lynch, are the leading MNCs that are going to drive the hiring storm in India till end 2009.

Again, a whole host of MNCs like Cisco, Oracle, Dell, SAP, Deloitte, Perot Systems, Microsoft, VeriSign, British Telecom and Logica CMG and dozens of MNC outsourcing firms like Fidelity, Convergys, America Online, Barclays, Reuters, Ocwen Financials, Viteos and HSBC are expected to scale up their people front significantly in India.

http://timesofindia.indiatimes.com/NEWS/India_Business/MNCs_to_dominate_tech_hiring_wave_in_India/articleshow/1027915.cms

[Demeter]

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