basIcally books - Overseas Indian

economy/businesshiring uP in 2011Riding on the back of the generaloptimism in the economy, companiesare all set to go in for aggressive hiring in2011. Employees can expect a significantincrease in their salaries across allindustries, according to aMercer India Monitor survey reportas business is expected to grow significantly in 2011,companies in India will look at paying more and hikingtheir employee headcount, says a survey released by aglobal human resource consulting firm.The survey conducted by Mercer India Monitor, representing91 firms across various industry sectors, observed that nearly84 percent of the respondents displayed optimism as theyexpected business performance to increase significantly in2011. Organisations surveyed expected a 12.7 percent averagesalary increase for all employees across industries in 2011.“Survey findings also reveal that 94 percent respondentsindicate aggressive recruiting for new positions and attritionbackfill,” added the report, which is prepared quarterly andfocuses on HR budgets and inflation.Among different industries surveyed, projected salaryincrease for the automobile industry was the highest at 14 percent,followed by consumer industry at 13.8 percent and chemi-inFosys to hire 45,000 techiesInfosys Ltd, India’s second largest IT company, is back onhiring spree and plans to increase its headcount by awhopping 45,000 during this fiscal (2011-12), revealedInfosys chief executive S. Gopalakrishnan on July 12.“We will be hiring about 45,000 engineers worldwide in thisfiscal (FY 2012), which will be 13,000 more than we projected(32,000) in April, to meet the growing demand and increasethe bench strength,” Gopalakrishnan said.Stepping up hiring was evident in the first quarter(April-June) when the global software major recruited 9,900people as against the projected target of 6,500.“We will be hiring about 12,000 people, including freshersand laterals in the second quarter (July-September), to trainand mentor them to leverage the emerging outsourcingopportunities,” the company’s Co-Chairman designateadded.With over 7,160 engineers leaving the company and itssubsidiaries during the quarter under review (Q1), the netaddition was 2,740, taking the total number of employees to133,560 as against 130,820 a quarter ago and 114,822 ayear ago. Return to double-digit growth after recovering fromthe global tech meltdown, the company hired about 43,120people last fiscal (FY 2011), including 20,000 freshers againstthe estimated 25,000.32 Pravasi Bharatiya July 2011