Tuesday, September 27, 2011

Indian IT firms to weather dismal global scenario well

IT Companies to go slow on hiring

Senior human resource ( HR) managers are of the view that the gloomy global economic scenario will have a limited and short- term impact on hiring in the Indian information technology ( IT) sector as the industry is better prepared to deal with the current slowdown, says a survey by job search portal HeadHonchos.com
"As many as 62.9 per cent of the respondents do not expect the global economic scenario to impact hiring plans, while 37.1 per cent of HR heads surveyed expect a cut back on hiring," the survey said.
As a measure of confidence, nearly 92 per cent of the respondents said they believe that the impact will be limited to the next six months and only 8.1 per cent expect any long- term fallout, the survey said.
About 4.9 per cent companies expect that the impact will be felt over the next two years. Only 3.2 per cent of all respondents expect employment to be impacted over a two- to five- year period.
"The hiring outlook for the IT industry is holding steady and feedback from companies indicate that they are better geared to deal with the challenges ahead," Uday Sodhi, chief executive officer ( CEO), HeadHonchos. com, said. Read More...


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