Four major Indian technology services companies are competing in the Bengaluru Mumbai area as they expand job posts for their offices and innovation hubs as they seek to reduce subcontracting bills. Wipro, TCS, Infosys, and HCL Technologies wish to expand their workforce. In this article, we examine the scramble for employees in the Indian region by personnel-hungry tech companies looking to save dollars while remaining competitive in a market that’s under constant strain given the now changing ways in which the distribution chain and other technologies intervene to shield humankind from the invisible threat of Coronavirus.
Providing multinational business consulting, outsourcing services, and information technology services, Bangalore-based Infosys expanded its workforce with more than ten thousand people in the United States and tries to set up a talent headhunt in its hubs.
The company reduced its reliance on H-1B visas considerably in the past two years and tries to find talent to feed its ranks as they now try to focus on hiring in regions crucial for their portfolio’s subcontracting costs.
Wipro Under Scrutiny By Labour Department Seeks Reskilling Workforce
Bangalore-based information technology provider and business process services consulting firm Wipro localized nearly 68% of its workforce in the United States. The company is under the Pune labor commissioner’s office after processing the complaints of benching and cutting the salary of an undisclosed number of entry-level staff. Despite the inquiry by the labor office, which Wipro dismisses “as unfounded and without basis” in a statement to TOI, the IT company expresses no reason for salary cuts for employees who are waiting for assignments.
Indian IT companies see increased competition in digital tech-focused deals that fuel demand for talent, thus look for that human resource in a hire-train-deploy fashion that gives them a competitive edge. The case for Wipro is one that by reskilling and retraining their staff solves the government probe and puts the valuable human resource to work as they seek and formulate solutions to the complex problems they have to face on a daily basis.
Tata Consultancy Services —TCS—provides information technology and consulting services from Mumbai, owned by the prestigious TATA Group, the company wants to reduce onsite hiring costs as they build a continent labor force that would help them grow in the middle and long term.
HCL Technologies Wants To Develop India’s Defence Technology Ecosystem
HCL Technologies Limited, subsidiary of HCL Enterprise had a good first quarter of this troubled, Coronavirus-ridden 2020. HCL Tech reported 31.7% in net profits this Q1, despite the H-1B visa suspension, the company looks for local talent as they minimize damages on IT services in the short term.
HCL, TCS, and Tech Mahindra want to bid for the attractive checkbook of the Indian military-industrial complex who looks at Indian IT companies in hopes of providing their information technology services to India as it faces the threat of cyberwarfare with rivals of the likes of China, Russia, and the United States.