Indian IT's temporary hiring to double by 2020

The percentage of flexi hires in the IT sector is expected to double to 20% by 2020 as IT companies increasingly outsource non-core activities and focus on high-margin businesses, said a report by the flexi staffing body Indian Staffing Federation (ISF).

"IT firms are swiftly adopting the practice of hiring flexi staff in order to beat margin pressures, maintain lean benches and also facilitate just-in-time hiring in a highly volatile market. Keeping the current situation in mind, we are expecting more and more IT companies to adopt staffing as the preferred means to man their projects," said K Pandia Rajan, president of the ISF. The flexi staffing industry in the IT sector touched $950 million last year, growing 15% in each of the last three years.

The Indian flexi staffing industry employs 1.3 million people; they form 3% of the organized sector employment. This number is expected to touch 9 million and comprise of 10% of the organized workforce by 2025. About 79% of workers in the flexi staffing industry fall in the 21-30 year age group, indicating that flexi workers are hired mostly at entry and junior level positions.

Traditionally, IT companies focused on application development and maintenance, but that's increasingly getting commoditized, pushing IT firms to explore other high margin businesses like consulting where billing is proportionate to deliverables. "The IT sector is moving towards the cloud and virtualization that will create new roles in the industry focused on outcomes," said Nagendra Venkaswamy, MD of India and South Asia at Arista Networks.

"Flexi workforce makes up for 10-15 % of our staff right from highly specialized R&D resources to tech support. With people plugging into their devices on the go, there is a huge shortage in areas like mobile device management," said Pallab Bandopadhyay, HR director in Citrix Systems.

Venkaswamy highlighted how the staffing companies should raise their bar by partnering with IT companies in their growth story. "The staffing industry is where the IT industry was in 2000, when 40% of what the IT companies did was to provide staffing solutions to their clients. So it's important for staffing firms to rise above transactions and add value by contributing to the business outcomes of the client's companies," he said.

Source : TOI

Apple to hire 7,400 workers in three years

Apple expects to expand its Silicon Valley workforce by nearly 50 per cent during the next three years, signaling the company's faith in its ability to keep coming up with hit products like the iPhone and iPad.

The projections detailed in a report released envision Apple hiring 7,400 more workers at its Cupertino, California, headquarters between now and the planned completion of a new office complex in 2016. Apple now employs about 16,000 people in and around Cupertino, the company's home town for most of its 37-year history. That accounts for about one-fifth of Apple's nearly 73,000 employees worldwide.

Apple submitted the report to Cupertino city officials as part of its effort to win approval to build a new 3.4 million-square-foot campus. Former CEO Steve Jobs likened the proposed campus to a spaceship in his final public appearance four months before he died in October 2011 after a long fight with pancreatic cancer.

Cupertino so far has been largely supportive of Apple's plans for the new headquarters, but city officials are still seeking more information to help inform their final decision on the project.

The report commissioned from consulting firm Keyser Marston Associates provides a rare glimpse into the nerve center of Apple's closely guarded operations. The snapshot doesn't shed any light on Apple's upcoming products, but the anticipated need for so many more workers at the company's headquarters is an indication that management has grand ambitions that will require a lot more engineering prowess.

Investors, though, have begun to question whether Apple's idea factory has been drying up since Jobs died. Although its revenue is still steadily rising, Apple has been depending on upgrades to the iPhone and iPad instead of releasing another breakthrough product.

Apple CEO Tim Cook, Jobs' hand-picked successor, has hinted that the company may be working on something revolutionary in television sets or a wearable computing device, such as a wristwatch. It hasn't been enough to allay Wall Street's fears that Apple is losing its magic touch while facing tougher competition from a list of formidable rivals that includes Google, Samsung Electronics, Amazon.com and Microsoft.

The persisting concerns have caused Apple's stock to fall 36 per cent from its all-time high reached last September. The shares closed Tuesday at $449.31.

With annual revenue of nearly $157 billion, Apple can still afford to treat the people working at its headquarters extremely well.

The report estimates Apple paid the 16,000 employees working in the Cupertino area a combined $2 billion in salary last year. That translates into an average salary of $125,000 per Cupertino-area employee. Apple didn't provide Keyser Marston with specific salary figures, so the firm used salary data for Silicon Valley software engineers filed with the state government. The numbers represent a "conservative" estimate of the employees' salaries, according to the report.

Although the report didn't touch on the subject, Apple probably doesn't pay the employees working outside its headquarters nearly as well. Nearly 43,000 of Apple's employees worldwide work in the company's stores or other jobs in its retail division, according to the company's annual report. Apple has also come under blistering criticism for relying on contractors that hire cheap labor in China and other overseas factories to assemble its products.

Not surprisingly, the Keyser Marston report draws a flattering portrait of Apple. It depicts the company as an indispensable cog in Silicon Valley's economy, a sensitive issue for Apple after coming under fire last month in Washington for legally sheltering a large chunk of its profits overseas to minimize its US tax bill. Apple CEO Tim Cook testified before a Senate subcommittee in an attempt to convince skeptical lawmakers that the company has been doing more than its share to support the US economy.

Much of the Keyser Marston report breaks down the economic benefits that Apple brings to a city with a population of about 58,000 people. Apple will pay $9.2 million in taxes to Cupertino during the current fiscal year ending in June, accounting about 18 percent of the city's general fund, according to the report. If the new headquarters is built, the report estimated the Apple's tax contributions to Cupertino will rise to $13 million annually.

Nearly 1,300 of Apple's 16,000 headquarters workers live in Cupertino. Another 2,100 of the headquarters workers live in the neighboring cities of Sunnyvale and Santa Clara.

Source : TOI

Zynga to cut 30 jobs in India

Online gaming company Zynga is laying off at least 30 of its over 400 employees in India as part of a global restructuring. Globally, Zynga , creator of the once wildly popular FarmVille and City-Ville games, is laying off 520 employees, about 18% of its 3,000-strong workforce.

Zynga had not responded to a mail sent by TOI at the time of going to print, but company founder Mark Pincus's letter to employees said the layoff impact would be felt across every group in the company. The word in Zynga India is that at least 6% of the employees here would be impacted. Zynga's Bangalore centre, started in 2010, has rapidly expanded to become the company's second largest operation in the world, after its San Francisco centre. It started as a centre doing core R&D for the company. A year later started a studio that now manages multiple games, developing new content and creating new features for them.

On his first visit to India in April this year, Pincus had said India had been "a terrific investment and experience for us" . That experience and the lower costs may be the reason why the layoffs in India are limited, compared to the global cuts.

Source : TOI

Indian job market shows signs of improvement since start of 2013

The Indian professional job market has improved since the start of this year, with 59 per cent of Indian companies are currently recruiting at senior level, up 19 per cent over the beginning of the year, a survey says.

According to multi-national recruitment firm Antal International's Antal Global Snapshot' survey, employment trends has found that the professional job market in India as well as globally has improved since the start of 2013.

The percentage of Indian companies recruiting at managerial and professional level has increased by 19 per cent and now stands at 59 per cent. This is a real improvement on the 43 per cent of companies that were expecting to hire in the previous survey.

This optimism is predicted to continue, with 65 per cent intending to hire at this level within the next three months, according to the survey.

Meanwhile, figures for firing trends, however, are up on the previous survey from 20 per cent to 28 per cent of companies letting people go. Around 26 per cent of businesses expect to see redundancies at senior levels go in the next three months, the survey added.

"With the global economy showing sporadic signs of improvement, it's encouraging that levels of managerial and professional recruitment have begun to creep up on those registered in the last editions of the Snapshot," Antal's CEO Tony Goodwin said.

With the global economy showing sporadic signs of improvement, the levels of managerial and professional recruitment have begun to creep up, Antal said.

Compared to a rather low level of hiring activity at the beginning of the year (46 per cent), an encouraging 54 per cent of respondents are currently hiring, the survey that covered almost 10,000 firms in major markets like western and eastern Europe, Africa, India, China and the US said.

"...having gone through an elongated period of doing more for less, many businesses are keen to refresh their senior level talent pipelines and gain further competitive advantages with new skills," Goodwin said

He added that "it will be interesting to see how these figures compare in the next quarter, but for now it seems a positive future could be on the cards."

Source : ET

IT hubs coming up in Andhra's Tier-II cities

The Andhra Pradesh government is taking steps to promote Information Technology in the state, Minister for Information Technology and Communications Ponnala Lakshmaiah said today.

Addressing a gathering after laying foundation stone for IT Incubation Tower at Rushikonda IT Park, the minister said the state government had planned to project Tier-II cities as next-generation IT hubs.

The state government is planning IT Incubation Towers in Kakinada, Tirupati Warangal and Kariminagar, as well as one in Visakhapatnam.

In 2003, Andhra Pradesh IT sector had only 334 firms which earned Rs 5,025 crore from exports and employed 50,000 professionals. Today, the exports had touched Rs 53,000 crore, as 1,250 IT firms employed as many as 3.25 lakh persons, he said.

The Minister also said the state government plans to promote Visakhapatnam as electronic hardware hub. The government is creating Electronic Manufacturing Clusters and one such cluster would be opened in Parawada in the district.

Vice-president of the Rushikonda IT Park Association O Naresh Kumar said steps should be taken to ensure uninterrupted power supply to IT companies.

Source : TOI

Decks cleared for end of Satyam

Hyderabad: Drawing curtains to the controversy on the merger of Satyam Computers with Tech Mahindra, the Andhra Pradesh High Court on Tuesday approved the amalgamation of two IT companies, holding that it is in the interest of all stakeholders.

While approving the scheme of amalgamation and arrangement with effect from April, 1, 2011, Justice N.R.L. Nageswar Rao said that “On a comprehensive assessment of the claims, this court feels that the scheme of amalgamation is in the interest of the public and the shareholders and the interest of the workmen is also protected.”

The judge observed that “There is no attempt to defeat any provision of law with regard to pending of future prosecutions or liabilities. There is also no escaping of the liability with regard to disputed creditors in case they are found to be true.”

He held that the scheme as a whole was also found to be just, fair and reasonable form the point of view of prudent men of business taking a commercial decision beneficial to the class represented by them for whom the scheme was meant.

The judge said that this court by applying the provisions under Section 391 and 394 of the Companies Act satisfactorily found that the scheme of merger was bona fide and has to be allowed by imposing some conditions.

While allowing the petition seeking approval of the scheme, the judge ruled that the pending prosecutions and investigations against the former chairman and others will continue and if any future prosecutions and investigations are to be laid against Satyam Computer Services (petitioner-company), Tech Mahindra Ltd, the transferee company, will be liable.

The judge directed that Tech Mahindra will furnish all the information which is required by SFIO and the attachments ordered by the enforcement directorate will continue till they are varied or vacated.

Source : DC

 

IBM starts layoffs as part of restructuring plan

International Business Machines (IBM), the world's largest computer services provider, began cutting US jobs on Thursday as part of a global restructuring plan announced in April, a person familiar with the move said.

The reduction targets employees with a range of seniority , from rank-and-file staff to executives, said the person, who asked not to be named because the information is private. Some US workers began to receive notifications of the cuts last night, according to Lee Conrad, a coordinator for Alliance@IBM, an employee group. The restructuring will cost $1 billion worldwide, including severance expenses.

IBM announced the jobcutting effort after releasing disappointing first-quarter results in April. The Armonk, New York-based company posted profit of $3 a share in the period, missing the $3.05 predicted by analysts -- the first earnings shortfall since 2005, according to data compiled by Bloomberg. IBM said at the time that the job reduction would be concentrated overseas and mostly complete by the end of June.

The company is probably cutting 6,000 to 8,000 jobs globally, based on the $1 billion cost figure, said Laurence Balter, an analyst at Oracle Investment Research in Fox Island, Washington.

That would represent less than 2% of IBM's total workforce of 434,246 as of Dec. 31.

'Workforce remix'
Alliance@IBM said on its website that 121 employees were cut from a unit within IBM's Systems and Technology group, the hardware division that saw revenue drop 17% last quarter.

IBM also has been cutting hours of its contract employees. CDI Corp, a Philadelphia-based provider of staffing and outsourcing services, told its staff working for IBM to limit their hours in May.

Source : TOI

IBM starts layoffs as part of restructuring plan

International Business Machines (IBM), the world's largest computer services provider, began cutting US jobs on Thursday as part of a global restructuring plan announced in April, a person familiar with the move said.

The reduction targets employees with a range of seniority , from rank-and-file staff to executives, said the person, who asked not to be named because the information is private. Some US workers began to receive notifications of the cuts last night, according to Lee Conrad, a coordinator for Alliance@IBM, an employee group. The restructuring will cost $1 billion worldwide, including severance expenses.

IBM announced the jobcutting effort after releasing disappointing first-quarter results in April. The Armonk, New York-based company posted profit of $3 a share in the period, missing the $3.05 predicted by analysts -- the first earnings shortfall since 2005, according to data compiled by Bloomberg. IBM said at the time that the job reduction would be concentrated overseas and mostly complete by the end of June.

The company is probably cutting 6,000 to 8,000 jobs globally, based on the $1 billion cost figure, said Laurence Balter, an analyst at Oracle Investment Research in Fox Island, Washington.

That would represent less than 2% of IBM's total workforce of 434,246 as of Dec. 31.

'Workforce remix'
Alliance@IBM said on its website that 121 employees were cut from a unit within IBM's Systems and Technology group, the hardware division that saw revenue drop 17% last quarter.

IBM also has been cutting hours of its contract employees. CDI Corp, a Philadelphia-based provider of staffing and outsourcing services, told its staff working for IBM to limit their hours in May.

Source : TOI

Freshers salaries in IT companies may fall in coming years

For years, fresh engineering graduates have had it good because demand from the IT industry was robust. That's changing. Salaries for fresh IT engineers will be under major pressure in the coming years.

"We believe fresher salaries of Rs 2.75 lakh to Rs 3.25 lakh will remain unchanged or be lowered over the next few years," wrote Kawaljeet Saluja and Rohit Chordia of brokerage firm Kotak Institutional Securities in a recent report.

The trend is changing because the number of students graduating in engineering has shot up in the past few years, and the demand has slowed. Estimates by IT industry body Nasscom show the number of engineers graduating each year has more than doubled to 8.13 lakh from 2007-08 to 2011-12.

In 2010-11 and 2011-12, the number rose by 25% and 31% year on year. During those years, the IT workforce rose by 10% and 9%. Most industry experts expect the workforce growth to slow down further, and the freshers will feel the impact. This is also because of the industry's move towards greater automation in traditional areas of IT, and the greater focus on high-margin businesses and new service lines like consulting, mobility, cloud and analytics.

Surabhi Mathur-Gandhi, senior VP (IT sourcing) in Teamlease Services, said there was up to 45% reduction in fresher hiring in the past two years as IT firms were remodelling business plans. "Hence, entry-level salaries have been rationalized. There is no scope for further reduction; it will remain flat, hovering between Rs 2.5 lakh and Rs 3.5 lakh," she said.



Ravi Shankar, chief people officer in Mindtree, said: "Clients are looking at more and more expertise which the freshers lack. This means a company cannot straightaway hire a fresher for a live project.

However, demand for 'quality' recruits remains high. This is because such students are expected to scale up to the 'expertise' the workplace demands without investing too much in training," he said. Other factors, too, are driving the demand down. IT companies are expanding to other low-cost locations such as Mexico, China and East Europe. They are recognizing the need to be closer to customers — most of whom are in the US and Europe — for building closer relationships and to overcome stringent visa regulations.

TCS has recruited over 5,000 non-Indians over the past four quarters. Infosys and Wipro have significantly stepped up hiring in other geographies. This week, Wipro announced it would hire 1,000 people in Germany in three years. All of this reduces demand for Indian engineering talent.

The adoption of outcome-based models is also putting pressure on IT companies to do more with less. Traditionally, IT service providers priced contracts on the time-and-material model where revenues are linked to headcount and time spent on software development.

Now, partly because of the difficult economic environment, more and more clients are demanding a return on every dollar spent, and want IT vendors to take some of the responsibility for the outcome of their solutions. "This is pushing service providers to pay attention to productivity over just 'billing' people. Therefore, companies must improve the quality of hires," said J A Chowdary, executive chairman of skill development company Talent-Sprint.

Source : TOI

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