E.T.

- IT biggies vroom back on job street

A. Synopsis-

1) It’s given in the article, a comparative study between pre and post-
recession period in IT sector.
2) There is boom in IT sector with hiring nearly 90,000 people while
comparing 20,000 last year.
3) Large numbers of customers sending more projects creating pressure
to hire more at low-cost locations like India.
4) IT biggies are stocking up skills and training them in advance.
5) Companies are avoiding employees’ turnover.
6) Freshers have more demand whereas people experience of 8-18 yrs. is
very less.
7) There is not only huge international business picking up but also
private and govt. projects are being rolled out resulting in huge
employment opportunities in IT sector.
8) The IT sector re registered a robust 52% growth in 6 months.

B. Observations-

i) Boom in It sector which shows growth in economy after recession.

ii) There was effect of recession on economy in It sector since our major
projects comes from foreign countries like America, France, Finland,
etc.
iii) Huge opportunity for fresh talents and skills (27,000 in current year).
iv) Post-recession great inflow of foreign projects.
v) To avoid attrition, companies are recruiting employees with better
planning.
vi) Companies are expecting more inflow of projects so they are stoking
up new skills.
vii) There is balanced staff- strength over 50% similar to pre-recession.
viii) Crisis had decreased employment opportunity/.
ix) Companies have exceeded their expected earnings levels.