The importance of people can never be overemphasised in the IT industry. NR Narayana Murthy, who returned as the executive chairman of Infosys in June, took one of the key and popular decision of hiking staff salaries. Companies are now undertaking more stringent programme in rewarding top performers.
Recruitment firms point out that there is a steady shift in hiring and performance evaluation over the last several quarters among the IT majors. The disbursal kitty in terms of hikes and promotions has actually become smaller, and companies are now more judicious in giving out these incentives. HR experts point out that software-services firms are mostly looking at lateral hiring with expertise in specialised services. Sales experts, enterprise and technical architects and domain specialists are the profiles that are in demand.
“Volume hiring has definitely gone down. Earlier, if companies used to hire 25 candidates at once from campuses, now it has come down to 3-4 best students from a batch. They are concerned about the quality of candidates and their specialisation. IT firms look for engineering graduates who are more aligned to the kind of work the companies do. Earlier it was more about engineers in general, now it is more specialised and need-based,” said TeamLease Services senior vice-president Sangeeta Lala.