India’s top software body to test talents of graduates
We said in the past that Cognizant’s (CTSH) greatest risk was managing its dramatic growth. Our concern was that in order to maintain its 50 percent growth rate the company would have to hire 18,000 new employees this year alone. A new article suggests that the crunch time may come sooner than we had anticipated.
India’s top software body to test talents of graduates – Yahoo! News
India’s premier software body has said it will begin using specially-designed tests on the country’s graduates in a bid to unearth top talent for the lucrative outsourcing sector.
“The critical area of concern is talent,” NASSCOM president Kiran Karnik told reporters Thursday in the southern high-tech city of Bangalore, home to more than 1,500 foreign and domestic technology companies.“There is no shortage in absolute numbers. There are more three million graduates passing out of colleges every year and 400,000 engineers. Of this only a very small percentage is employable,” Karnik said.
“In the next four years we expect a shortage of 500,000 people in the outsourcing sector,” he said. “It (the test) will help improve the quality of the people we get.”
If only a small percentage of the 400,000 grads are employable, and Cognizant alone wants to hire five percent of them, when you add in Infosys (INFY), Wipro (WIT), Tata, and the many firms like IBM, Accenture and others who are starting their own facilities rather than using outsourcers, it doesn’t take long to dry up the talent pool.
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