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| India Inc back in hiring mode: Hewitt |
| Press Trust of India / New Delhi Mar 04, 2010, 20:30 IST |
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A majority of Indian companies, particularly those in infrastructure and energy sectors, are planning to hire in a big way this year, global HR services firm Hewitt Associates said.
"About 93.4 per cent of the firms surveyed are expected to hire this year. Firms in sectors like telecom, oil and gas and infrastructure are likely to recruit the most, across lateral and entry levels," Hewitt's India Leader, Performance & Rewards Consulting Practice, Sandeep Chaudhary told reporters.
A host of companies, including TCS, Infosys, Wipro and Mahindra Satyam, has recently announced their hiring plans.
"The economy has shown faster recovery in sectors that rely on domestic growth and consumption, while recovery in sectors that have global dependence is expected to gain speed by mid 2010," Chaudhary added.
Hewitt has projected that in 2010 the number of companies not going for fresh hiring will come down drastically. In percentage terms, the number of companies planning keep a freeze on their fresh recruitment, will drop to just 6.6 per cent. It was to 29.4 per cent last year.
Layoffs are also expected to fall to 3.5 per cent this year from 16 per cent witnessed in 2009.
The attrition rate in the country was 15.4 per cent in 2009 with voluntary attrition of 12.9 per cent and involuntary exits of 3.1 per cent.
The Hewitt survey covered 465 firms across 20 primary industries and 27 sub-industries.
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