5,600 job aspirants turn up at HCL's 3-day recruitment drive in Lucknow

HCL has tied up with banks to provide loans for the training, which would be repayable in easy instalments from the employees' salary once they get confirmed

HCL Technologies on Tuesday said its three-day mega recruitment drive in Lucknow saw a huge turnout of 5,600 young job aspirants from the city and its neighbourhood.

During the recruitment drive from August 10-12, 5,600 candidates appeared in walk-in interviews wherein 120 fresh engineers and over 600 fresh non-engineering graduates were selected, company's Executive Vice President Sanjay Gupta told PTI.

Over 300 experienced professionals were also selected, he said.

Around 20 students, who have completed their 10 plus 2 from science background with mathematics as one of their subjects, too were selected.

The freshers will be given training by the company and during the training period they would get a stipend, he said.

Gupta, who is also Program Director (New Vistas), said in a similar recruitment drive in Noida earlier in August,

700 people were recruited of which 520 were freshers.

He said HCL has tied up with banks to provide loans for the training, which would be repayable in easy instalments from the employees' salary once they get confirmed.

While the training cost for engineers is Rs 2,00,000, for non-engineers it is Rs 1,00,000, he said.

HCL started its operation in Lucknow in October 2016 and in less than two years it has created over 2,500 jobs for local people, he said.

The company has invested over Rs 6 billion in the last three years in its project in the state capital, he said.

Gupta said a number of people migrate from tier-2 locations to work in metros and such opportunities by HCL would help them "stay rooted" in their native place and also help stem attrition and bring more stability to HCL's operations.

He said HCL has ensured the homecoming of hundreds of techies through its IT City project in Lucknow, which is offering jobs both to home-grown professionals as well as freshers.(more)

Infosys puts a break on fresher hiring, relying more on experienced hands

Share of young engineers in 18-25 age group drops to 28% in FY18, senior staff ratio goes up

India’s second-largest information technology company, Infosys, is relying more on experienced hands than fresh graduates even though it weighs to its costs, according to the company’s latest annual report. This is happening when the sector is witnessing slower growth with increasing pressure on profit margins.

According to the latest annual report for 2017-18, the percentage of the Bengaluru-headquartered company’s employees in the age group of 18-25, came down to 28.16 per cent, from 31.19 per cent in the previous financial year. In absolute terms, the number of employees in this group was 57,475, against 62,489 in FY17. Employees in this group largely constitute of newly-hired engineers from colleges.

The percentage of employees above this age group had gone up during this period. For example, employees in the age group of 26-30 constituted 32.25 per cent of the total staff strength in FY18, against 32.09 per cent in the previous year. Similarly, mid-level employees in the age group of 31-40, constituted 32.5 per cent, which rose 168 basis points over the previous financial year. The ratio of employees in the 41-50 age group also saw a rise of 100 basis points over the previous financial year to 5.92 per cent. However, despite the higher ratio of experienced staff in workforce, Infosys incurred only 3.6 per cent rise in expenses towards salaries and bonus in FY18 to Rs 346.7 billion.

The change in Infosys’s employee mix also reflects the growing trend of slower fresher hiring by Indian IT firms, expected to gain pace in the current financial year as well. Owing to uncertain demand environment and changes in client demands, Indian IT companies are hiring fewer number of freshers while majority of them are resorting to just-in-time hiring in case of lateral (experienced ones).

“The intake of fresh engineers by Indian IT firms is certainly going to drop further as companies are seen steadily improving their (employee) utilisation rates. While they are no more hiring in bulk through campus recruitment programmes, the normal attrition in higher age groups is also less owing to lesser avenues outside which means the ratio of senior staff that the sector employs will go up,” said Kris Lakshmikanth, chief executive officer & managing director of Head Hunters India.

Infosys said the percentage of senior management level employees in the age group of 51-60 was 1.03 per cent, against 0.90 per cent in FY17.

Employees above 60 years of age constituted 0.19 per cent of the overall strength, which was at 0.14 per cent in the previous financial year.

Jio's Diwali offer: 100% cashback on Rs 399 pack; here's how you can get it

Under the Diwali Dhan Dhana Dhan offer, Jio Prime customers get eight vouchers worth Rs 50 each on a recharge of Rs 399. The offer can be availed of during the Oct 12-16 period

Reliance Jio has announce a 100 per cent cashback offer on Rs 399 recharge for Jio Prime customers. Dubbed the ‘Diwali Dhan Dhana Dhan’ Jio's Diwali offer , the cashback comes in the form of eight Rs 50 vouchers that can be redeemed in further recharges. Jio Prime customers can avail of the offer starting today, October 12 and the offer will continue until October 18.

The eight Rs 50 vouchers that you get on a recharge of Rs 399 can be redeemed against future recharges of Rs 309 or above, and on data add-ons booster packs of Rs 91 or above. The vouchers come with a condition of use that allows only one voucher to be redeemed at a time and only after November 15.

Also Read : Airtel vs Jio in cheap 4G phone: Voice-data bundling coup waiting to happen

The offer can also be availed of by the subscribers who are still under the validity period of their last recharge. The recharge will activate only after the current plan validity of the recharge expires.

Under the Rs 399 recharge, Reliance Jio offers free calls, SMS, subscription to Jio apps and 84 GB of data with a cap of 1 GB per day, valid for 84 days. The Diwali Dhan Dhana Dhan offer is valid for both, prepaid and postpaid subscribers.