Infotech Lead Asia: Job requirement in the IT-BPO sector is likely to reduce by 50,000 in the current fiscal, according to Nasscom.
The additional personnel requirement in the IT sector of the country may come down by nearly 50,000 in the current fiscal as there is a large scale backlog of recruitments last year.
Last fiscal, the IT-BPO segment added around 1.8 lakh jobs net. During the current fiscal, the net job additions will be around 1.3 to 1.5 lakh jobs.
Nasscom President Som Mittal said that last year there was filling up back logs because the industry had shrunk their pipeline. The IT-BPO segment is still the largest employers of white collar sectors of the country which has 3 million young people at the age of 27.
For instance, HCL Technologies saw its employee strength come down by nearly 150 people to 85,194 people during the October-December 2012 quarter.
India’s fourth largest software services firm’s employee count stood at 85,335 during the July-September quarter of 2012. While the company hired 5,136 (gross) employees during the quarter, on a net basis, 141 people left the organisation in the second quarter of 2012-13. HCL Technologies follows a July-June fiscal.
“Secondly, our business is not linear any more. There was time where for every dollar you added so many hours. But today it is IP-led and innovation, which we don’t repeat (the job) which is good for the country,” he added.
HCL’s BPO services saw addition of 1,845 (gross) people, while net addition stood at 254 in the said quarter, taking the total headcount in the division to 9,968.
The IT-BPO industry body Nasscom said the IT industry is expected to grow at 12 to 14 per cent in dollar terms in the current fiscal. “This year we will probably add $13 to 15 billion new business in both domestic and exports,” Mittal said.
The Indian IT industry witnessed $76 billion exports and $32 billion domestic business which includes hardware last year. In 2012-13, the industry has grown 10.2 per cent in pure dollar terms and 10.9 per cent in constant currencies and 21 to 22 per cent in rupee term, PTI reported from Hyderabad.
Mittal said attrition rate of the industry has come down as demand and supply adjusts. Currently, it hovers in 13-15 per cent on the higher side.
Meanwhile, as a next step to its recently launched 10,000 startups program, the Nasscom signed a MoU with Hyderabad Angels, TiE Incubator and IIIT Hyderabad Incubator to collaborate and support the creation of a vibrant ecosystem to foster technology entrepreneurship in India.
Mittal said that they are inviting applications from technology startups across the country for an insightful engagement with its accelerator and funding partners.
The Association has already received over 1,000 applications from various budding startups since the launch of the program and is expected to cross over 5,000 startup applications in the next eight weeks.
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