The top Indian software companies continue to hire and the total number of employees likely to cross 6 lakh by the end of current financial year, reports The Hindu Business Line.
As of quarter ended December 2011, the total employees with the top four companies were 5.91 lakh. Nearly 30 per cent of the total 20 lakh IT workforce will be working with the top companies, said the report.

Both TCS and Infosys have indicated that there would not be any major change in the hiring plan due to the global issues like the Euro crisis and budget cuts by customers.

Says Mr E. Balaji of MaFoi Ranstad, a global HR company, to cross 6 lakh would be a significant number for the top four. With nearly 30 per cent of total IT workforce, it shows the process of consolidation among them and a trend similar to the other sectors like FMCG, he said.

Infosys' CEO, Mr S. D. Shibulal, told analysts that said there was no reconsidering the recruitment plan for this year. “We had planned for 45,000 recruitments this year and I think we will end up at 47,000 (gross). We have given 20,000 offers for next year.”

Similarly, Mr N. Chandrasekaran, CEO and Managing Director of Tata Consultancy Services, said: “We want to be prepared for next financial year and we will be adding additional 15,000 people at least during the last quarter. We are not seeing a cause for alarm of any kind for us to stop hiring.”

The net hiring slowed down significantly in the December 2011 quarter when compared to the previous quarter. The top four added only 21,985 employees (net), as against a record hiring of 29,918 (net) in the previous quarter. All the four companies added less number of employees (net) during the December quarter when compared to the previous quarter.
(Source: Hindu Business Line)