IT firms reject 90 percent of college graduates and 75 percent of
engineers who apply for jobs because they are not good enough to be
trained, according to Nasscom.
Wipro employs 95,000, Infosys 1,05,000 and TCS 1,43,000.
Of the Fortune
500, only Wal-Mart in America adds more people annually than either
Infosys or TCS.
Last year Infosys hired 28,231 people, including 18,000 graduates paid
Rs.3 lakh a year.
This year they will hire 20,000 at Rs. 3.25 lakh.
Infosys is hiring though there isn't enough business. Currently, 30,000
people at Infosys are 'benched'.
Why are they still hiring and raising salaries? Because they cannot find
competent people and due to this reason, this year Infosys increased its
training of employees to 29 weeks. That's seven months of training.
do they need so much training? And why is the quality of applicants so
Infosys spends twice as much as its American competitors on training,
four percent of revenue. Nine half-literates are produced by our
colleges, by Nasscom's numbers, for every graduate of passable quality.
What is Nasscom's solution to this? It wants government to boost college
enrolment from 10 percent of those in secondary school, to 25 percent.
Nasscom knows that this will only increase the number of job applicants,
not the quality, but there's no other solution.
India produces three million graduates, but Nasscom says that next year
it will see a shortage of 500,000 graduates, because incompetents will
swamp the rest.