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Mid-size companies are now recruiting
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Mid-size companies are now recruiting
Medium size IT companies are back on lateral hiring as the market conditions are improving. These companies were the first to down curtains on lateral hiring last year because of a sizeable bench and rising salary costs, reports the Business Line. "The mid-caps did see a stock rally and there is confidence in the Indian market," says a Mumbai-based IT recruiter.
Dr Pallab Bandyopadhyay, Vice-President and Head, HR, Asia Pac, Perot Systems, says it has been hiring at a steady pace and has to currently fill 300-400 positions. It is looking at filling at least 100-150 positions a month. Companies such as Aricent, Logica and captives such as Goldman Sachs and BankAm are hiring between 200 and 300 people.
According to few HR consultants, lateral hiring is back because the market has improved. Most of the recruitments currently are in the laterals (those between five years and 10 years` experience). However, many companies are putting campus hiring on hold after an advisory from Nasscom has suggested that IT companies should stay away from campuses until they have honored all last year`s offers.
Rishi Das, CEO, CareerNet, a Bangalore-based recruitment firm, says that there will be a big recruitment cycle beginning in mid-size companies. He also suggested that campus recruitment would be active in the last semester and not 18 months ahead of graduating, as it happened earlier. Laterals who could demand between 50 percent and 100 percent salary jump can now at best expect a 15-20 percent rise in salary when they change jobs, says Das.
Source:
http://www.siliconindia.com/shownews/Midsize_companies_are_now_recruiting-nid-61
Dr Pallab Bandyopadhyay, Vice-President and Head, HR, Asia Pac, Perot Systems, says it has been hiring at a steady pace and has to currently fill 300-400 positions. It is looking at filling at least 100-150 positions a month. Companies such as Aricent, Logica and captives such as Goldman Sachs and BankAm are hiring between 200 and 300 people.
According to few HR consultants, lateral hiring is back because the market has improved. Most of the recruitments currently are in the laterals (those between five years and 10 years` experience). However, many companies are putting campus hiring on hold after an advisory from Nasscom has suggested that IT companies should stay away from campuses until they have honored all last year`s offers.
Rishi Das, CEO, CareerNet, a Bangalore-based recruitment firm, says that there will be a big recruitment cycle beginning in mid-size companies. He also suggested that campus recruitment would be active in the last semester and not 18 months ahead of graduating, as it happened earlier. Laterals who could demand between 50 percent and 100 percent salary jump can now at best expect a 15-20 percent rise in salary when they change jobs, says Das.
Source:
http://www.siliconindia.com/shownews/Midsize_companies_are_now_recruiting-nid-61
