Tata Consultancy Services, India's largest IT services company has more that doubled the number of its non-Indian employees during the last three years.
According to the company, as on 31 March 2013, it had 21,282 non-Indians on its rolls belonging to 118 nationalities. This is an increase of about 20% over the previous years. In 2009-10, the company employed 9,536 foreign nationals.
The company said the highest number of its non-Indian employees are Britishers with a share of close to 19% followed by Americans at 15.4%. About 10% of its non-Indian employees are from China where TCS has a strong presence, the Mumbai-based company said in its annual report for 2012-13.
TCS also said that the company has improved the ratio of women in its total workforce to 32.40% at the end of FY13 as compared to 31.60% as on March 31, 2012. "Our progressive policies and customised programmes such as executive education programme for women in mid-management, interactive forums and women discussion circles address the aspirations and needs of our women employees," it added in the report.
Source: Business-Standard
Wednesday, June 19, 2013
IT market, jobs
Big data to create 4.4 mn jobs by 2015
Worldwide IT spending is forecast to surpass $3.7 trillion in 2013, a 3.8 per cent increase from 2012 projected spending of $3.6 trillion, but it is the outlook for big data that is creating much excitement, according to Gartner.
"By 2015, 4.4 million IT jobs globally will be created to support big data, generating 1.9 million IT jobs in the United States," said Peter Sondergaard, senior vice president, Gartner and global head of Research. "In addition, every big data-related role in the US will create employment for three people outside of IT, so over the next four years a total of 6 million jobs in the US will be generated by the information economy."
"But there is a challenge. There is not enough talent in the industry. Our public and private education systems are failing us. Therefore, only one-third of the IT jobs will be filled. Data experts will be a scarce, valuable commodity," Sondergaard said. "IT leaders will need immediate focus on how their organization develops and attracts the skills required. These jobs will be needed to grow your business. These jobs are the future of the new information economy."
Source: CIOL
"By 2015, 4.4 million IT jobs globally will be created to support big data, generating 1.9 million IT jobs in the United States," said Peter Sondergaard, senior vice president, Gartner and global head of Research. "In addition, every big data-related role in the US will create employment for three people outside of IT, so over the next four years a total of 6 million jobs in the US will be generated by the information economy."
"But there is a challenge. There is not enough talent in the industry. Our public and private education systems are failing us. Therefore, only one-third of the IT jobs will be filled. Data experts will be a scarce, valuable commodity," Sondergaard said. "IT leaders will need immediate focus on how their organization develops and attracts the skills required. These jobs will be needed to grow your business. These jobs are the future of the new information economy."
Source: CIOL
IT market, jobs
27 percent Indian staff set to switch jobs
Globally, the number of workers taking flight is expected to reach 161.7 million in 2014 - a 12.9 per cent increase in people leaving compared to 2012, says a Hay Group study.
Over the next five years, 49 million more employees as compared to 2012 are going to leave their current employers and switch jobs, global management consultancy, Hay Group's new research, in association with the Centre for Economics and Business Research (Cebr), has revealed.
As far as India is concerned, it finds itself in the eye of the storm, with a predicted employee turnover of 26.9 per cent (in the organized sector) in 2013 - the highest attrition rate globally.
The study, Preparing for Take-Off, covers 700 million employees in 19 countries worldwide and is based on a unique Hay Group macroeconomic model that analyzes the main factors affecting employee turnover across the globe, stated a release.
Over the next five years, 49 million more employees as compared to 2012 are going to leave their current employers and switch jobs, global management consultancy, Hay Group's new research, in association with the Centre for Economics and Business Research (Cebr), has revealed.
As far as India is concerned, it finds itself in the eye of the storm, with a predicted employee turnover of 26.9 per cent (in the organized sector) in 2013 - the highest attrition rate globally.
The study, Preparing for Take-Off, covers 700 million employees in 19 countries worldwide and is based on a unique Hay Group macroeconomic model that analyzes the main factors affecting employee turnover across the globe, stated a release.
HCL, New Deals, Outsourcing, TCS
TCS, HCL among front-runners for Pepsi outsourcing contract
Contract, held by HP, up for renewal later this year; may be split and handed out to more than one service provider. Tata Consultancy Services Ltd (TCS) and HCL Technologies Ltd are among the front-runners to win an outsourcing contract from PepsiCo Inc. valued at about $500 million (around Rs.2,925 crore today), according to two people familiar with the development.
The contract, held by Hewlett-Packard Co. (HP), will be up for renewal later this year. It is likely to be split and handed out to more than one service provider mostly for handling infrastructure management services, the two people said, requesting anonymity as they are not authorized to discuss these details.
Pepsi had signed the contract with HP, the world’s largest computer firm, in 2006 for a total value of $100 million for managing its information technology (IT) and data centre operations, according to outsourcing advisory firm Everest Group. Pepsi also has outsourcing agreements with International Business Machines Corp., or IBM, which runs the finance and administration processes of the soft drink maker’s Indian arm.
Source: LiveMint
The contract, held by Hewlett-Packard Co. (HP), will be up for renewal later this year. It is likely to be split and handed out to more than one service provider mostly for handling infrastructure management services, the two people said, requesting anonymity as they are not authorized to discuss these details.
Pepsi had signed the contract with HP, the world’s largest computer firm, in 2006 for a total value of $100 million for managing its information technology (IT) and data centre operations, according to outsourcing advisory firm Everest Group. Pepsi also has outsourcing agreements with International Business Machines Corp., or IBM, which runs the finance and administration processes of the soft drink maker’s Indian arm.
Source: LiveMint
Outsourcing, Syntel
Syntel Named in IAOP's 2013 Global Outsourcing 100
Syntel, Inc. (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) company, today announced that it has been ranked in The 2013 Global Outsourcing 100® by the International Association of Outsourcing Professionals (IAOP). Syntel has moved up seven places over the 2012 rankings to #31.
Syntel was named to IAOP's annual list of the world's best outsourcing service providers for the seventh consecutive year and was included on several sub-lists that recognize providers for their specialization in particular industry and service segments. Source: GlobeNewsWire
Syntel was named to IAOP's annual list of the world's best outsourcing service providers for the seventh consecutive year and was included on several sub-lists that recognize providers for their specialization in particular industry and service segments. Source: GlobeNewsWire
TCS
TCS boss' salary to rise by half
CEO and MD N Chandrasekaran will now get a monthly salary of Rs 15,00,000 with effect from April 1, 2014. Tata Consultancy Services (TCS), India’s largest information technology services firm, has decided to revise the monthly salary of Chief Executive Officer (CEO) and Managing Director N Chandrasekaran by half to Rs 15 lakh. The revised salary will be applicable with effect from April 1 next year.
“Taking into consideration, the increased business activities of the company and the responsibilities cast on N Chandrasekaran, the Board has revised his maximum limit of salary from Rs 10,00,000 a month to Rs 15,00,000 a month, with effect from April 1, 2014,” the company said in its annual report for 2012-13. It also said the proportionate increase would also be applicable to the other benefits he was getting.
“Taking into consideration, the increased business activities of the company and the responsibilities cast on N Chandrasekaran, the Board has revised his maximum limit of salary from Rs 10,00,000 a month to Rs 15,00,000 a month, with effect from April 1, 2014,” the company said in its annual report for 2012-13. It also said the proportionate increase would also be applicable to the other benefits he was getting.
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