Recruitment &Selection Strategies, Policies and Practices of the It Sector
101Study the Recruitment &Selection strategies, policies and practices of the IT sector
Date of submission: 12/07/2012
Background information about IT sector:
Indian IT industry is one of the key industries to contribute its significance in the growth variables of GDP of India, exports, revenue and employment. India’s IT software and services exports have been rising rapidly. The annual growth rates range between 20-20-22% in IT services and near about 55% in IT, IT enabled services (ITES) such as call centers, Business Process Outsourcing (BPO) and other. IT industry is spreading its services in various sectors as airline information, insurance, banking sector and mortgage companies.
This sector has also led to employment generation. Direct employment in the IT services and BPO/ITES segment was 2.3 million in 2009-10 and is estimated to reach nearly 2.5 million by the end of financial year 2010-11. Indirect employment of over 8.3 million job opportunities is also expected to be generated due to the growth of this sector in 2010-11. Generally dominant player in the global outsourcing sector. However, the sector continues to face challenges of competitiveness in the globalized world, particularly from countries like China and Philippines.
India's growing stature in the Information Age enabled it to form close ties with both the United States of America and the European Union. However, the recent global financial crises has deeply impacted the Indian IT companies as well as global companies. As a result hiring has dropped sharply, and employees are looking at different sectors like the financial service, telecommunications, and manufacturing industries, which have been
Date of submission: 12/07/2012
Background information about IT sector:
Indian IT industry is one of the key industries to contribute its significance in the growth variables of GDP of India, exports, revenue and employment. India’s IT software and services exports have been rising rapidly. The annual growth rates range between 20-20-22% in IT services and near about 55% in IT, IT enabled services (ITES) such as call centers, Business Process Outsourcing (BPO) and other. IT industry is spreading its services in various sectors as airline information, insurance, banking sector and mortgage companies.
This sector has also led to employment generation. Direct employment in the IT services and BPO/ITES segment was 2.3 million in 2009-10 and is estimated to reach nearly 2.5 million by the end of financial year 2010-11. Indirect employment of over 8.3 million job opportunities is also expected to be generated due to the growth of this sector in 2010-11. Generally dominant player in the global outsourcing sector. However, the sector continues to face challenges of competitiveness in the globalized world, particularly from countries like China and Philippines.
India's growing stature in the Information Age enabled it to form close ties with both the United States of America and the European Union. However, the recent global financial crises has deeply impacted the Indian IT companies as well as global companies. As a result hiring has dropped sharply, and employees are looking at different sectors like the financial service, telecommunications, and manufacturing industries, which have been