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Updated: November 25, 2009 16:04 IST

IT job market looking up: Mohandas Pai

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Mr. Mohandas Pai, Head - HRD, Infosys
The Hindu
Mr. Mohandas Pai, Head - HRD, Infosys

With the global economy gradually bouncing back, the IT job market is also picking up and around 2 to 2.5 lakh jobs in the sector are likely to be up for grabs, a top industry official said.

“The job scenario is improving. This year the market is likely to see around 2 to 2.5 lakh jobs,” Infosys Director (Human Resources), Mohandas Pai, told reporters here today.

The market (IT jobs) would, however, not be the same as it was two years ago but will also not be as bad as it was last year, Pai said, adding the fresher-lateral hiring ratio was likely to be around 65:35 per cent this year.

Two years back there were around 3 to 4 lakh jobs available in the IT market, he said.

The industry has witnessed a lower growth rate in the last 18 months, Pai said, adding that the market was not so open (now).

Infosys has plans to hire around 20,000 people, Pai said, adding that, however, campus recruitments would be lower this year as compared to the last.

This year, Infosys will be hiring around 20,000 as against 16,000 that we recruited last year. Campus recruitments this year, however, will be less,” Pai said.

The Infosys official, however, did not divulge the exact number that the company was planning to hire through campus recruitments.

Pai said that Infosys has given a 7-8 per cent hike across the board, whereas globally it was two per cent.

Attrition stood at 10 per cent, he said.

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