Multinational IT firms outpacing Indian Companies in Hiring

Multinational IT giants are fast outpacing or matching domestic IT majors such as Tata Consultancy Services (TCS) and Infosys Technologies in the rate at which they are expanding their manpower in India. The rate of manpower addition is 12% on the higher side and 6% on the lower side for multinational firms such as IBM and Hewlett Packard, which is on a par with the rate at which large Indian IT firms are adding people.

In June 2006, IBM India had a staff strength of 43,000 in India compared with 38,500 it had during its fiscal ended December 2005. This translates to growth of 12% for two quarters or about 6% a quarter. In comparison, TCS had a manpower strength of 71,960 on June 2006, 7% higher than the 66, 480 it had on its fiscal ending March 2006.

Infosys, which recruited heavily in the first quarter of the fiscal, had a higher growth rate at 11%, ending the June 2006 quarter with 58,409 employees. Satyam Computer Services and Wipro, the two other top tier IT companies, had a manpower strength of 56,435 and 30,000 respectively, representing growth in manpower of 5% and 7% respectively.

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