NEW DELHI: India’s fourth-largest software exporter HCL Technologies plans to hire 2,000 software engineers in the next three-four months to leverage new client base and existing operations across verticals, said a top company executive.

While 30% of the new hires would be freshers, the remaining 70% will comprise experienced professionals. This will take the company’s total workforce to more than 57,000 globally.

The software major struck various IT outsourcing services deal in the past few months, which has led to an increase in demand for workforce. Till last year, the company was high on campus hiring and took 15,000 freshers and professionals on rolls.

However, the firm intends to go slow on campus hiring this year owing to overall slowdown in demand for IT services world-wide.

“We are following just-in-time model of hiring. Unlike earlier when we used to give hiring guidance 18 months in advance, it will be a quarter or two in advance, as we are yet to have a clear visibility on where the industry is heading. Focus will be on lateral hiring for core IT processes across sectors,” said HCL Technologies global head (human resources) Dilip Kumar Srivastava.

He said the company has no plans to alter the compensation package of the freshers and that variable component of the salary will solely be performance based. Early this year, the company had put a freeze on employee salaries and resorted to bonus cutbacks, citing tight demand and declining volumes in the US and Europe as the rationale.

HCL has added a couple of new clients in the past few months. The firm bagged two IT outsourcing services contracts worth $110 million from Texas-based energy companies, Energy Future Read more…

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MUMBAI: Unemployment rates are on the rise in Ireland, though there has been a drop in the rate at which they are increasing, said Arlene Foster, Northern Ireland minister for enterprise, trade and investment.

The minister, who is part of a 27-member delegation, is in India to woo big players in sectors like IT and manufacturing to invest in Northern Ireland. HCL Technologies, Firstsource Solutions, Tech Mahindra and Polaris are some of the Indian IT companies that already have facilities in Northern Ireland.

The unemployment rate in Ireland is about 6.7%, up from around 4.2% in November past year, said Ms Foster. Northern Ireland competes with Eastern Europe and China for investments in manufacturing and with the Republic of Ireland and the US for IT investments.

Northern Ireland has been more successful in attracting investments from Indian IT firms because of its proximity to Europe. Read more…

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