Infosys @ Latest News: MNCs poach, Indian companies feel the heat

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Sunday, August 28, 2005

MNCs poach, Indian companies feel the heat

The Indian IT sector is facing the heat. And giving them a run for their money are top MNCs who are on a recruitment spree, leading to attrition problems among Indian companies.
The pressure is on two fronts — skilled manpower and pricing. IBM, for example, opened its fifth global delivery centre in India in June, while Accenture hired 1,600 employees in May. In fact, Accenture’s Indian employee base now accounts for over 10% of its global workforce.

"Many Indian companies may not be giving the exact picture due to stock market compulsions."