Job Market In MNC Tech Firms Is Flourishing


Nirmal Singh Lotus Green notices the fact that Indian IT industries are undergoing a rough phase as there are several challenges are hovering on its head including the challenges of automation and lower growth rates, which is strong enough to cut off a huge chunk of employees also they are reducing the rate of hiring.

Nirmal Singh Lotus Green is glad to know that the MNCs are setting bar for themselves by continuing the process of hiring in large number employees. Accenture, Capgemini, Oracle, IBM, and Goldman Sachs are some of the top notch companies that hiring hundreds of employees.

Nirmal Singh Lotus Green brings the exact figures, with 5,396 job openings in Accenture that is around four times more opportunities in the US and 12 times in Poland and Philippines: the IT hubs that hire frequently. Further according to the company’s website, French IT major Capgemini has more than 2,649 job openings for India. While the Oracle has 1,124 openings, tech giant Amazon is all set to hire thousands of people in India. As per their website, they have more than 1,208 openings. Well, there are barrage of openings in countless IT firms with IBM giving away a notification of 675 positions, Goldman Sachs has 320 openings, and Dell has more than 285 openings, Microsoft (235), Cisco (229), and French bank Societe Generale (185). Further these openings will be refreshed on periodical basis.

Nirmal Singh Lotus Green further noted that the global in-house centres (GICs) of MNCs in India are rising at a fast pace with 10 per cent revenue raise and strength of employees around 770, 000 people, as per the records of IT industry body Nasscom. A consultancy firm, Zinnov has estimated that India has more than 1,150 MNCs with GICs, raising the bar for employment figure at 815,000 for 2016. As per the sources, the GICs will further add 30, 000 jobs on yearly basis. More than 35% of the GICs are in Bengaluru, and 15% in NCR. "All these MNC GICs are doing their digitisation initiative in India, and most of their newly added capacities are also expected to be in India," K S Viswanathan, VP, industry initiatives at Nasscom, said.

Nirmal Singh Lotus Green showed the different side of the picture as well, with examples like TCS, Cognizant, Infosys and Tech Mahindra, where the employee belt was actually shrinking at the end of June quarter.

The job openings are heartening, given especially that four of the biggest IT services companies - TCS, Cognizant, Infosys and Tech Mahindra - saw their workforces shrink at the end of the June quarter. The current job openings by themselves don't tell us whether the MNCs are increasing their hiring or reducing them. Accenture, for instance, had 10,700 job openings around the same time three years ago, but Capgemini had a slightly lower number three years ago than what it is now.
But more and more MNCs are establishing GICs in India, among the recent ones being Saks Fifth Avenue and TransUnion. And the ones that came in the past few years are now confident enough to expand rapidly , like Lowe's and JCPenney. Lowe's 490,000 sq ft office space lease deal in Bengaluru was the second largest in India in the first half of this year, after that of Microsoft's 589,000 deal, according to property consultancy Colliers International.

"If a company wants to hire 1,000 people in a quarter for things like data analytics, India is the only place where you will find people available at that kind of scale, and it will remain so," Sandeep Mathur, former Oracle India managing director, said. MNCs, he said, had long stopped coming to India for cost. "They need people to address their growth challenges and even automation codes have to be written by humans."

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