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<ul><li>Wipro reported that it added 7,000 employees to the company over the last three months during its first-quarter earnings call. </li><li>Saurabh Govil, Wipro’s Chief Human Resources Officer (CHRO), said the company will continue hiring in Q2. </li><li>Even though Wipro doubled its hiring in 2019-20, its net addition of employees was in the red suggesting low attrition. </li></ul>Wipro has hired new 7,000 employees in the last three months, their first quarter, between April to June. And, they plan to keep on hiring, according to Wipro’s Chief Human Resources Officer (CHRO) Saurabh Govil. This comes in the backdrop Wipro reporting the largest decline in employees during the last quarter in comparison to its peers Tata Consultancy Services (TCS), Infosys and other Indian IT services companies.“Lateral hiring never stopped,” said Govil during the first-quarter earnings call. “We will continue to hire in Q2 based on demand,” he added. <div type="Article" hostid="261" msid="76960126" title="Wipro management pins hope on wider margin and new clients while revenue takes a dip" mstype="2" mssubtype="0"></div> Govil added that the company has started on-boarding freshers as per earlier offers. “It would be staggered and delayed based on business requirements,” he said. Even last quarter, Govil asserted that hiring would not be suspended at Wipro in lieu of the coronavirus pandemic. However, the company did not rule out furloughs and leaves at the time. <div type="Article" hostid="261" msid="75173292" title="Wipro's hiring will be slower in the coming months and current employees may be asked to go on leave without pay" mstype="2" mssubtype="0"></div> Wipro in comparison to top Indian IT companies Indian IT services companies have been pushing on fresh hiring as the industry’s attrition rate continues to remain flat. Despite new hires being on the rise, companies across the board reported a dip in total employees. Even Wipro doubled its hiring in 2019-20, however, its total employee count was lower than the year before. Even its net addition of new employees has been the lowest in comparison to TCS and Infosys. While TCS’ numbers were in the ten-thousands, Wipro was still in single digits if not bleeding employees. <div type="Article" hostid="261" msid="75669358" title="Hiring at Infosys and Tech Mahindra is down at least 40% in line with the trend in top five IT firms⁠— and it's not just because of COVID-19" mstype="2" mssubtype="0"></div> Last quarter, while Infosys also reported a dip in employees, Wipro’s drop in net addition was four times higher. <div type="image" title="Hiring IT" msid="76972636" hostid="261" caption="&amp;lt;p&amp;gt;Hiring across top 3 Indian IT services companies&amp;lt;/p&amp;gt;"></div> Even though Wipro plans to keep hiring in the coming quarter, Govil pointed out that all hiring will happen depending on demand. Its utilisation levels this quarter also stood at 75% — 1.6% higher than the previous quarter. According to Wipro Chief Financial Officer (CFO), Jatin Dalal, higher utilisation was one of the factors behind Wipro’s margin expansion this quarter. “We also kept a tight watch on incremental spend… Third is foreign exchange,” he said. Wipro Chairman Rishad Premji disclosed that the company hasn’t laid off a single employee during the coronavirus pandemic during the Annual General Meeting (AGM) on Monday. The National Information Technology Senate (NITES) has alleged in May that Wipro was benching many employees, mainly those at its Pune office, who were subsequently laid off. A claim that Wipro denies. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/hiring-at-infosys-and-tech-mahindra-is-down-40-in-line-with-the-trend-in-top-five-it-firms-and-its-not-just-because-of-covid-19/articleshow/75669358.cms">Hiring at Infosys and Tech Mahindra is down at least 40% in line with the trend in top five IT firms⁠— and it's not just because of COVID-19</a> <a href="https://www.businessinsider.in/careers/news/tcs-hiring-again-with-5-employees-to-return-to-offices/articleshow/76887172.cms">TCS to kickstart lateral hiring and bring back 5% of its employees to offices</a>

After last quarter’s massive dip, Wipro adds 7,000 employees with plans to continue hiring in Q2

An all women business and technology park (WBP) has been inaugurated by IT major <keyword id="10862" type="CITY" weightage="100" keywordseo="Wipro">Wipro</keyword>, along with <keyword id="152170" type="COMPANY" weightage="100" keywordseo="Saudi-Aramco">Saudi Aramco</keyword> and <keyword id="3345936" type="UNKNOWN" weightage="100" keywordseo="Princess-Nourah-University">Princess Nourah University</keyword> (PNU), and is expected to create nearly 21,000 jobs by 2025. 
 Saudi Aramco worked as the strategic advisor and anchor of WBP, which is a JV of PNU (world's largest university for women) and <keyword id="858495" type="COMPANY" weightage="100" keywordseo="Wipro-Arabia">Wipro Arabia</keyword>. It would be responsible for developing the facilities and infrastructure at the park set in Riyadh, and would also take care of the training and employment of up to 21,000 Saudi women, said a Wipro statement. 
 
"Dedicated to working women, this business park is a first of its kind project aimed at providing knowledge-based employment for women in the Kingdom of Saudi Arabia," it added. 
 
This park is expected to be the largest engineering drafting services, business process services and IT hub in the entire region for industry sectors, which include oil and gas, government, manufacturing, healthcare, telecom and construction. 
 
However, this is not the first of its kind, given that Wipro's larger rival TCS has already established its first all-women Business Process Services (BPS) centre in Riyadh in 2013, where 1,000 women work in BPO operations, amongst whom 85% are Saudi nationals. 
 Wipro’s Chairman <keyword id="6419840" type="PERSON" weightage="100" keywordseo="Azim-Premji">Azim Premji</keyword> said that it is the company's endeavour to foster an environment that encourages and enables more women to participate in business and tap their leadership potential. 
 
"It has been more than a decade since Wipro began its operations in the Kingdom of Saudi Arabia and localisation has always been an important aspect of our business strategy here," he added. 
 
<a href="http://data1.ibtimes.co.in/en/full/538168/azim-premji.jpg">Image source</a>

Wipro’s all-women business park in Riyadh will create 21,000 jobs in coming ten years

<ul><li>While the demand for IT services companies remains robust with the evolving digital environment, high attrition rates remain a top concern for IT firms.</li><li><keyword id="6357150" type="General" weightage="20" keywordseo="tcs" source="Orion">TCS</keyword>, <keyword id="6354512" type="General" weightage="20" keywordseo="infosys" source="Orion">Infosys</keyword> and <keyword id="10862" type="General" weightage="20" keywordseo="wipro" source="Orion">Wipro</keyword> will together hire 1.53 lakh employees in FY22 to hedge against employees leaving.</li><li>Wipro’s attrition rate remains highest at 20.5% followed by Infosys at 20.1% and TCS at 11.9%.</li></ul>While the demand for information technology (IT) services companies remains robust with the evolving digital environment, a huge number of employees leaving these organisations remain a top concern for IT firms. Attrition rate of IT companies has been rising consistently and in-line with growing demand for digital talent. With the earnings results available so far for the September quarter, Wipro has the highest attrition rate, among IT firms, at 20.5% followed by Infosys at 20.1% and <keyword id="6357585" type="General" weightage="20" keywordseo="tata-consultancy-services" source="Orion">Tata Consultancy Services</keyword> (TCS) at 11.9%. <div type="image" title="attrition chart" height="900" width="1200" msid="87013677" hostid="261"></div> However, a report by human resource solutions firm TeamLease shows that the average attrition rate in the IT industry was at 8.67% in September quarter, far less than what the big IT firms have reported. One of the key concerns of IT employees for leaving an organisation is muted growth in increments followed by poor employee benefits, rewards, digital skilling and so on, shows a ‘compensation benchmarking survey’ by Deloitte India and software firms’ lobby NASSCOM. The average increments for the technology services sector in India dropped from 9.5% in 2019 to 5.2% in 2020, which later increased to 8.8% in 2021 due to higher attrition rate. Average increments are expected to go up to 9% to 11% in 2022, said the report. <div type="image" title="compensation" height="900" width="1200" msid="87013730" hostid="261"></div> IT companies are all set to hire in bulk from campuses as they struggle to retain employees with the increasing demand for digital talent. TCS, which has already hired 43,000 freshers in the first half of FY22, expects to hire another 35,000 in the next six months. This takes up the total count of FY22 to 78,000 new employees. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IT companies </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">FY22 hiring </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Infosys </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">45,000 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Wipro </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">30,000 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">TCS </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">78,000 </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> “We believe this attrition level will continue for the next 2-3 quarters. Having said that, our strong employer brand and our robust talent acquisition and talent development models will help us significantly overcome the supply side issues…We will continue to hire more and more and keep the supply ready since our model is robust. The attrition level is definitely concerning, but we can manage through that,” said Milind Lakkad, global head of human resources at TCS, in a press conference post earnings. High attrition rate in some of the largest IT companies in the country is expected to continue for the coming quarters and so is the huge hiring process. “In order to harness the full potential of the market opportunity, we are expanding our college graduates hiring program to close to 45,000 for the year. Simultaneously, we continue to strengthen employee value propositions including health and wellness measures, reskilling programs, appropriate compensation interventions and enhanced career growth opportunities,” said Pravin Rao, chief operating officer at Infosys. TCS is one of the biggest employers in the country with 5.28 lakh employees as of September quarter. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Companies </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Total headcount </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">TCS </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">5.28 lakh </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Infosys </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">2.79 lakh </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Wipro </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">2.21 lakh </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>At 11:12 a.m., on October 14, shares of Wipro were up 7%, Infosys stock was up 2% and TCS stock was down by 0.8%. ALSO WATCH: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/videos/talent-from-large-it-firms-has-been-flowing-towards-indias-tech-startups/videoshow/87014361.cms">Talent from large IT firms has been flowing towards India's tech startups</a> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/ecommerce/news/three-unicorns-hundreds-of-crore-in-loss-and-very-little-market-share-whats-the-hype-around-online-car-retailers/articleshow/87012417.cms">Three unicorns, hundreds of crore in loss and very little market share — What's the hype around online car retailers?</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/infosys-wipro-vodafone-idea-and-other-hot-stocks-in-focus-on-october-14-as-results-season-heats-up/slidelist/87010496.cms">Infosys, Wipro, Vodafone Idea and other hot stocks in focus on October 14 as results season heats up</a>

India’s techies are leaving IT firms in hordes — Here’s why

<ul><li>IT giants — Tech Mahindra and Wipro — are the only Indian companies after Dr. Reddy Laboratories to make it to in the Bloomberg Gender Equality Index (GEI). </li><li>The GEI index is based on five parameters — female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and a pro-women brand. </li><li>This includes parental leaves, lactation rooms at the workplace and education programmes dedicated to women. </li><li>According to the <keyword id="69007" type="ORGANIZATION" weightage="20" keywordseo="World-Economic-Forum">World Economic Forum</keyword> Gender Gap Report, it will take 257 years to eliminate the prevailing gap on women participation in the workforce, globally.</li></ul>Homegrown IT giants — Tech Mahindra and Wipro — are the only Indian companies after Dr. Reddy Laboratories to make to the Bloomberg Gender Equality Index (GEI). The pharma multinational retained its spot for three consecutive years. The GEI index is based on five parameters — female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and creating a pro-women brand. The report tracked companies based on their market cap and efforts to support and implement gender equality via policy development, representation, and transparency. Tech Mahindra and Wipro made their debut for the first time this year. “At Tech Mahindra, we value individual differences and focus on providing equal opportunities to all our associates. For us, diversity of every kind is a priority, whether it is diversity of nationality, age, gender, thoughts, or abilities, and our constant endeavour is to build a workplace that is ‘intentionally’ diverse,” said Harshvendra Soin, chief people officer at Tech Mahindra. The companies are also ranked based on parental leaves, lactation rooms at the workplace and STEM (Science, Technology, Engineering, Mathematics) education programmes which are dedicated to women. “We celebrate and learn from diverse ideas, backgrounds, perspectives and experiences. The essence of co-creating and being guided by our values, defines inclusion and diversity at Wipro,” said Abidali Z. Neemuchwala, CEO and MD of Wipro. The report also highlights that the companies that have women in the boardroom and as CEOs also have more women at the senior management level. “Female-led organizations also had more women in the top 10% of compensation than male-led firms, and more women in revenue-producing roles,” the report said. India has a long way to go before they attain gender parity. According to the <a href="https://www.weforum.org/reports/gender-gap-2020-report-100-years-pay-equality">World Economic Forum Gender Gap Report</a>, it will take 257 years to eliminate the prevailing gender gap in the workforce, globally. India ranks 112th in the Global Gender Gap Index in 2020. In fact, the International Labour Organisation (ILO) says that women around the globe work for a combined 12.5 billion hours for free. The Bloomberg report includes over 6,000 companies across 84 countries. Of this, the 325 companies featured in the index have a market capitalization of $12 trillion. See also: <a href="https://www.businessinsider.in/careers/news/iits-and-nits-will-now-be-ranked-on-how-many-women-they-educate-and-employ/articleshow/73296855.cms">IITs and NITs will now be ranked on how many women they educate and employ</a> <a href="https://www.businessinsider.in/policy/foreign-policy/news/uns-list-of-top-10-countries-with-gender-equality-is-empty/articleshow/72123061.cms">Which country can achieve gender equality by 2030 ? The answer is none, UN laments</a> <a href="https://www.businessinsider.in/careers/news/top-jobs-for-women-in-india-as-employability-rises-9-in-2-years/articleshow/72487187.cms">The number of employable Indian women has sharply risen in the last two years⁠— and it is nearly at par with men</a>

Tech Mahindra, Wipro and Dr Reddy’s Labs — only 3 Indian companies made it to Bloomberg Gender Equality Index

<ul><li><keyword id="6358815" type="General" weightage="80" keywordseo="tech" source="Orion">Tech</keyword> majors like <keyword id="12873900" type="General" weightage="20" keywordseo="wipro-tech-mahindra" source="Orion">Wipro, Tech Mahindra</keyword> and other MNCs have either put off recruitment of freshers or asked them to wait. </li><li>Experts, allaying fears of recession in US and Europe affecting IT industry in <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword>, state that the trend is not new.</li><li>The present trend could be the result of workability of pipeline projects. </li></ul> There is uneasiness among a major section of students whose onboarding process has been delayed by major tech companies. Tech majors like <keyword id="10862" type="General" weightage="80" keywordseo="wipro" source="Orion">Wipro</keyword>, Tech Mahindra and other MNCs have either put off recruitment of freshers or asked them to wait until they are intimated. The freshers awaiting onboarding in Wipro have launched a full fledged campaign on social media, questioning Wipro Chairman Rishad Premji's integrity and commitment as he spoke strongly about ethics in connection with moonlighting. "The career of thousands of students like me is at stake. We cleared the Wipro exam in 2021. We rejected offers from other companies. But, it's been one year and we are still not onboarded. Wipro is either delaying or rejecting without any clarification," fresher Nithin said. Another fresher <keyword id="15167860" type="General" weightage="50" keywordseo="rushikesh-rupnar" source="Orion">Rushikesh Rupnar</keyword> stated that "it's been 9 months since I received my offer letter. There is no update regarding onboarding since then. Are we a joke to them? So many students out there are waiting to join". The <keyword id="15167857" type="General" weightage="50" keywordseo="nascent-information-technology-employees" source="Orion">Nascent Information Technology Employees</keyword> Senate (<keyword id="12917180" type="General" weightage="50" keywordseo="nites" source="Orion">NITES</keyword>), an NGO working for the welfare of IT employees, stated that the trend is not confined to Wipro. "After Wipro, we have received complaints from employees of various IT companies regarding delay in onboarding. Unfortunately the CEOs bragging about work ethics and transparency are left with no humanity." "If the workers are organised, all they have to do is to put their hands in their pockets and they have got the capitalist class whipped," NITES asserted. IT firms should be held accountable for endangering the professional futures of the employees and trainees. Companies play a good game about their beliefs and ethics on the surface, but in reality, It's just crony capitalism, one of the IT job aspirants alleged. The students who have formed a group online with the "Wipro onboard us" title, stated "please update on our career, group respected <keyword id="15167858" type="General" weightage="50" keywordseo="rishadpremji" source="Orion">RishadPremji</keyword> sir please update about the onboarding of freshers, why this ego system on freshers." "I hope u r reading this reply and you got to help us soon. Wishing good health and happiness to the people who re supporting us in struggle of Wipro on-board." "Please update on our career group submitted respected RishadPremji sir we don't know how the moonlighting effected your company, but your hiring process and holding freshers on-boarding effecting the lives of 20k+ freshers. Is our lives not valuable?" NITES had also filed a complaint with <keyword id="9286293" type="General" weightage="50" keywordseo="union-ministry-of-labor-and-employment" source="Orion">Union Ministry of Labor and Employment</keyword> urging to initiate action against the Wipro for delaying onboarding of more than 2,000 students. Wipro has stated that it will honour all offer letters. However, experts, allaying fears of recession in US and Europe affecting IT industry in India, state that the trend is not new. They say since China is being hit post Corona period, India could be more resilient. The present trend could be the result of workability of pipeline projects. If pipeline projects are getting affected for various reasons, the companies will strategise their moves by holding new recruitments or withdrawing offers. "This trend is an old one and the situation is projected like it is the end of IT industry which is wrong. The focus is on adopting to new technology, which is being focussed by all major tech companies. They are doing best prepare work force for new challenges," an expert said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/musk-again-offers-to-buy-twitter-for-54-20-a-share-report/articleshow/94655083.cms">Musk again offers to buy Twitter for $54.20 a share: Report</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/competition-commission-gives-conditional-approval-to-sony-zee-merger-deal/articleshow/94654411.cms">Competition Commission gives conditional approval to Sony-Zee merger deal</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/upi-is-indias-favourite-payment-mode-with-transactions-worth-30-4-trillion-in-april-june-says-report/articleshow/94642629.cms">UPI is India’s favourite payment mode with transactions worth ₹30.4 trillion in April-June, says report</a>

Freshers feel the heat as IT majors put onboarding on indefinite hold

<keyword id="3746" type="COUNTRY" weightage="20" keywordseo="Mexico">Mexico</keyword> Government has eased its rules and now it will be easier for foreign firms in the country to hire highly-skilled workers from abroad. 
 This step gains significance amidst uncertainty regarding <keyword id="6358043" type="UNKNOWN" weightage="20" keywordseo="H1B-visa">H1B visa</keyword> process in the <keyword id="6356955" type="COUNTRY" weightage="20" keywordseo="united-states">United States</keyword> after <keyword id="6354484" type="PERSON" weightage="20" keywordseo="Donald-Trump">Donald Trump</keyword> government decided to <a href="http://www.businessinsider.in/trump-in-no-mood-to-spare-immigrants-goes-after-dependent-spouses-of-h-1b-visa-holders/articleshow/57537572.cms">change the laws</a> that allow firms to outsource and hire people from foreign lands. 
 
Also read: <a href="http://www.businessinsider.in/indian-engineers-arent-justthreatened-by-trump-heres-the-biggest-threat-ever/articleshow/57218483.cms">Indian engineers aren’t just threatened by Trump. Here’s the biggest threat ever</a> 
 
New rules introduced by the Mexican government will encourage more and more Indian companies to set up their units there. As of now, 11 Indian IT firms, including TCS, Infosys and <a href="http://www.businessinsider.in/this-is-how-wipro-is-planning-to-challenge-hul-and-pg/articleshow/57311481.cms">Wipro</a> have their offices in the North American country. 
 
Also read: <a href="http://www.businessinsider.in/TCS-Infosys-Wipro-rush-to-hire-Americans-fearing-tighter-U-S-visa-regime-under-Trumps-presidency/articleshow/55660189.cms">TCS, Infosys, Wipro rush to hire Americans, fearing tighter U.S. visa regime under Trump’s presidency</a> 
 
"Mexico follows a rule that foreign firms can employ 10 per cent of total highly-skilled staff from abroad and the rest of the employees with similar skills have to be locals. However, Mexico is changing rules which will enable foreign firms to employ a higher proportion of highly-skilled workforce if they are employing a large number of employees," Mexican ambassador to India Melba Pria told ET. 
 
Also read: <a href="http://www.businessinsider.in/There-are-16-million-immigrant-Indians/articleshow/50576716.cms">There are 16 million immigrant Indians, the largest in the world</a> 
 "This could benefit Indian software giants and other business enterprises which are seeking to expand footprint not only in Mexico but also in the US, Central America and <keyword id="48890" type="COUNTRY" weightage="20" keywordseo="Latin-America">Latin America</keyword>. Mexico is always open for <keyword id="1082276" type="UNKNOWN" weightage="20" keywordseo="foreign-talent">foreign talent</keyword>." 
 
Mexico ranks third in the world in the number of IT professionals after India and the Philippines. 
 
Also read: <a href="http://www.businessinsider.in/poor-pay-hikes-and-slow-career-growth-force-indian-techies-to-demand-easier-resignation/articleshow/57427987.cms">Poor pay hikes and slow career growth force Indian techies to demand easier resignation</a> 
 
"Besides software, Mexico presents a unique opportunity for India's world-class pharmaceutical companies. Mexico has a universal healthcare system," Pria added. 
 
On the other hand, Mexican companies have also started investing in India in the automotive, chemicals and entertainment sectors, says a note of external affairs ministry. 
 
(Image source: PR Web)

Amidst visa uncertainty in US, Mexico encourages firms to hire foreign talent

The demand for professionals is surging in <keyword id="6354321" type="CITY" weightage="100" keywordseo="Bengaluru">Bengaluru</keyword> and this was indicated by the taxes IT experts were paying in the IT hub of India. Professional tax dated indicated there was a demand for more employees and <keyword id="6370971" type="CITY" weightage="20" keywordseo="Accenture">Accenture</keyword> emerged as the top employer that paid Rs 23 crore as professional tax on behalf of its employees in 2015-16, the highest among all firms, a title it held even in 2014-15 according to the Professional tax data. 
 Professional tax is the tax by the state governments in India. Anyone earning an income from salary or anyone practicing a profession such as <keyword id="6358896" type="POSITION" weightage="20" keywordseo="Chartered-Accountant">chartered accountant</keyword>, company secretary, lawyer, doctor etc. are required to pay this professional tax. It is a source of revenue for the governmentThe data highlighted the fact that nine out of ten professional companies in Bengaluru are tech companies. Only BSNL, the government-owned telecom player, is an exception. 
 
The top ten tech firms altogether paid Rs 69 crore in 2015-16. In the two financial years before that, they had paid Rs 62 crore and Rs 66 crore in professional taxes. 
 
It is anyway hard to believe that IT firms are the top tax payers anywhere and its surely confirms the importance of Bengaluru as a city. 
 “Bengaluru is the magnet for the tech industry, and adds to job numbers. I urge Chief Minister Siddaramaiah to read these trends, and address Bengaluru's infrastructure problems so that the city retains its edge." V.Balakrishnan, former director at <keyword id="6354512" type="CITY" weightage="20" keywordseo="Infosys">Infosys</keyword> told ET. 
 Accenture, <keyword id="10875" type="CITY" weightage="20" keywordseo="IBM">IBM</keyword> India, TCS, Infosys and <keyword id="10862" type="CITY" weightage="20" keywordseo="Wipro">Wipro</keyword>, in that order, were the top five professional tax payers during 2015-16. In 2013-14, Wipro had nudged Infosys to the fifth place. The latter, however, wrested the slot from Wipro in the following year. 
 
The data also showed that these companies have more permanent employees, and fewer jobs are going out of Bengaluru. 
 "This means jobs are increasing in the city because there is a direct correlation between taxes collected and the permanent jobs. And, also because the monthly tax payout per employee remains constant, Vivek Mallya, a Chartered Accountant and former partner at <keyword id="53186" type="CITY" weightage="20" keywordseo="PwC">PwC</keyword>, told ET. 
 "The tax collection numbers indicate that the multinational tech companies prefer to deepen their foothold in Bengaluru, rather than experiment with tier-II or tier-III locations. They perhaps find the best cosmopolitan culture as well as a wide talent pool in Bengaluru," Guruprasad Srinivasan, President (People Service) at <keyword id="6370333" type="UNKNOWN" weightage="20" keywordseo="Quess-Corp">Quess Corp</keyword>, told ET. 
 
An employer is required to deduct professional tax only if an employee is in the job for more than 120 days, and earns above Rs 10,000. The government levies a professional tax of Rs 150 per month on those earning above Rs 10,000 per month, and Rs 200 on those earning above Rs 15,000. Those earning below Rs 10,000 are exempt.

Demand for IT professionals is growing in Bengaluru and these are the top hiring companies right now

<ul><li>IIT Delhi breaks its 10 years’ placement record, fetching over 1,000 placements during the current placement season. </li><li>Domains including electrical, chemical, civil and mechanical engineering bagged most offers in the technology sector. </li><li>The institute saw a 15% increase in the number of companies visiting the campus.</li></ul>With more Indian corporates looking to hire from top tier colleges, Indian Institute of Technology (IIT) Delhi has seen the <a href="https://economictimes.indiatimes.com/jobs/iit-delhi-placements-surpass-10-year-record/articleshow/68293058.cms">highest</a> number of placements in a decade. And the top-most core subjects — bagging over 32% of offers — included electrical, chemical, civil and mechanical engineering followed by information technology. IT graduates secured 20% of the total offers rolled out by the employers. While analytics, management, finance, consulting and research fields secure the highest and most placements from India’s B-schools, the category bagged rest of the offers during the current placement season at IIT. However, the IIT did not disclose the salary packages offered by employers, saying that may be "devaluing national placements over international placements as well as core jobs over finance and consulting jobs." Eyeing the global demand for skills in technology sectors and analytics, IT majors including Capgemini and Wipro have been stepping up hiring a large chunk of talent from Indian engineering campuses. Capgemini has <a href="https://www.businessinsider.in/capgemini-eyes-campus-placements-senior-hiring-in-india/articleshow/68177928.cms">reportedly</a> been planning to hire over 10,000 fresh graduates via campus placements, extending quarterly promotions to freshers. While the homegrown IT multinational Wipro is prioritising digital expertise at <a href="https://www.businessinsider.in/wipro-campus-placements-to-double/articleshow/67719782.cms">campus hirings </a>with a plan to double fresh hirings. Given high demand for AI skills, IITs are also <a href="https://www.businessinsider.in/iits-launch-courses-in-artificial-intelligence-and-machine-learning/articleshow/67850336.cms">rolling out</a> certificate courses and degrees in AI along with machine learning, starting next academic session. The rise in automation and related skills has led to increased demand in the Artificial Intelligence. Hence, to bridge the gap, IIT has also <a href="https://www.businessinsider.in/iits-launch-courses-in-artificial-intelligence-and-machine-learning/articleshow/67850336.cms">introduced</a> B.Tech in Artificial Intelligence along with other certification courses in machine learning, starting next academic session. Overall, as the IIT Delhi institute witnessed an upsurge of 15% in the number of companies visiting for campus placements, it scored over 1,000 offers from Indian as well as overseas employers. This included pre-placement offers allowing students to intern before going onboard with a company. The Delhi campus of Indian Institute of Technology has also been ranked among the top 100 institutions in the Global University Employability Ranking for the year 2018. See also: <a href="https://www.businessinsider.in/capgemini-eyes-campus-placements-senior-hiring-in-india/articleshow/68177928.cms">French IT major Capgemini wants to hire senior talent team from India for global markets, boost campus placements</a> <a href="https://www.businessinsider.in/campus-placements-at-iim-mdi-tiss-iift-see-salary-packages-above-2-million/articleshow/67898696.cms">India’s B-schools are seeing higher salary packages for graduates — and it’s not just IIMs</a> <a href="https://www.businessinsider.in/ai-cloud-computing-machine-learning-cyber-security-among-top-skills-for-higher-salary-increment-in-2019/articleshow/68281010.cms">These 5 sectors are the only ones projected to see double digit salary hikes this year</a>

These core subjects are the biggest winners in IIT-Delhi's record campus placement season

<ul><li>NITES union has lodged a complaint against <keyword id="6354512" type="General" weightage="100" keywordseo="infosys" source="Orion">Infosys</keyword> seeking removal of their newly imposed <keyword id="1905436" type="General" weightage="20" keywordseo="non-compete-clause" source="Orion">non-compete clause</keyword>.</li><li>The clause bans the employees to work in the competitors for six months after they quit the company.</li><li>The companies included in their competitor list are — Accenture, Tata Consultancy Services (<keyword id="6357150" type="General" weightage="50" keywordseo="tcs" source="Orion">TCS</keyword>), IBM, Cognizant, and <keyword id="10862" type="General" weightage="50" keywordseo="wipro" source="Orion">Wipro</keyword>.</li></ul>An information technology (IT) union has reportedly filed a complaint against the Indian multinational IT major Infosys, on April 20. The <keyword id="13658159" type="General" weightage="50" keywordseo="nascent-information-technology-employees-senate" source="Orion">Nascent Information Technology Employees Senate</keyword> (NITES) union is seeking to remove the non-compete clause, which states that the employees cannot work for the competitor companies for six months after leaving the company. The clause also forbids the employees to join the workforce of the clients they had worked for in the last 12 months before quitting, according to the letter to minister <keyword id="1850634" type="General" weightage="50" keywordseo="bhupender-yadav" source="Orion">Bhupender Yadav</keyword>. The clause includes these companies in their competitor list — Accenture, Tata Consultancy Services (TCS), IBM, Cognizant, and Wipro. “For the period of six months after leaving Infosys, employees will not — accept any offer of employment from any customer, (with whom I worked) in the twelve months immediately preceding my termination or accept any offer of employment from a Named Competitor of Infosys, if my employment with such Named Competitor would involve me having to work with a Customer with whom I had worked in the twelve (12) months immediately preceding the termination of my employment with Infosys,” the clause says according to the letter. The letter was written by the NITES union president, Harpreet Saluja, to the minister stating that the clause violates Section 27 of the Contract Act. “They are likely to affect the employee’s means of procuring a livelihood for himself and his family. Hence the company should be stopped from enforcing it,” read the letter. <div type="Article" hostid="261" msid="90826046" title="Infosys is looking to hire 50,000 employees this year while expecting the attrition rate to come down" mstype="2" mssubtype="0"></div> Recently, <a href="https://www.businessinsider.in/tech/enterprise/news/infosys-is-looking-to-hire-50000-employees-this-year-while-expecting-the-attrition-rate-to-come-down/articleshow/90826046.cms">Infosys</a> also witnessed the highest level of attrition rate in the company as compared to its competitors. Its attrition worsened in the January-March quarter reaching 27.7% from 25.5% in the previous quarter. However, the management at Infosys said the attrition rate has come down on a quarterly basis as against the LTM (last twelve months) data disclosed. Moreover, it expects the attrition rate to decline gradually as it also kicks off hikes from April 1. The company is looking to hire more than 50,000 employees in FY23 as against the 85,000 hired in FY22. Infosys has an employee base of 3.14 lakh, which is half of what TCS has. The company’s net profit for the March quarter rose about 12% to ₹5,686 crore with revenue growth of 22.7% year-on-year at ₹32,276 crore. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/reliance-jio-lost-five-times-more-subscribers-than-vodafone-idea-in-the-last-six-months/articleshow/90953214.cms">Reliance Jio lost five times more subscribers than Vodafone Idea in the last six months</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/covid-19-cases-are-on-a-rise-again-but-indians-are-likely-to-increase-socialising-and-travelling-survey/articleshow/90950991.cms">COVID-19 cases are on a rise again, but Indians are likely to increase socialising and travelling: Survey</a>

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