I T will need 90,000 engineers this year:GRAB


With new contracts being awarded and deals in the pipeline, Indian IT firms are in desperate need for manpower. According to NASSCOM, the industry will hire around 90,000 employees this year, more than 4 times the number hired last year. The limited talent pool, however, has forced companies to employ new strategies to attract staff. Infosys and MphasiS are some companies trying to re-hire employees who had left during the crisis. They recently launched initiatives such as "Green Channel" and "Homecoming" for this purpose. Firms do not have to spend additional time training or interviewing these employees. They can directly be put on projects. With most IT companies having announced wage hikes, this is a profitable option for ex-employees as well. A win-win situation for everyone concerned.