The global meltdown is showing its effect on new fresh recruitment in India. Now time is coming when companies visit various college campus for recruitment. But according to IT industry body National Association of Software and Service Companies (NASSCOM), Fresh hiring in IT and ITeS industry is likely slow down to two lakh this fiscal.

“This year, the new recruitments in IT sector is estimated to be two lakh this fiscal compared to 2.80 lakh people due to global recession,” NASSCOM Chairman Ganesh Natarajan said here today.

“There could be job cuts in a one particular company. May be because its business model is not right or some other reasons, but overall the industry would not force any job cuts,” he mentioned.

The salary hike will also drop by 2.5% in IT sector. The increments in salary packages would be 7.5 per cent next year compared to 9 per cent this year, according to NASSCOM

Source: Business Standard