Indian IT industry and HR perspectives

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There are more than a million employees working in Indian IT industry. Indian IT industry has generated more than 2 million jobs indirectly in different sectors such as real estate, financial services, auto and manufacturing etc. Hence, there is lot of importance for IT industry in Indian economy. It is one of the fastest growing industries in the country. During 2006-2007, IT industry’s contribution to GDP is 5.2%, according to a NASSCOM-Deloitte study. The size of HR department is also growing in many IT companies. There can be several reasons for that. However, one of the reasons is the growth of manpower. Hence, there is much significance for the study of IT industry and its HR aspects. Rupee appreciation against the dollar has impacted Indian IT companies and their margins. This is evident from the financial performance of the IT firms in June, 2007, quarter and subsequent quarters. This rupee appreciation has effected all the big players such as TCS, Wipro, Infosys, Satyam and HCL. The sectors in which the industry is growing and the impact of the rupee appreciation against the dollar are discussed in this book. HR challenges such as recruitment, retention, performance appraisals and attrition are explained. Recruitment strategies of Indian IT firms, HR challenges, HR department size, 360-degrees feedback, rupee appreciation and its impact on HRM, fraud in recruitments, protecting intellectual property, dealing with attrition and the Data Quest 2007 Best Employers Survey are given. The articles of this book give good reading for HR executives, HR managers, middle and senior managers in the Indian IT industry. It is also a useful for those who like to know about the growing IT industry and its HR aspects.

ABOUT THE AUTHOR G.P. Sudhakar

G P Sudhakar has over a decade of experience in IT industry is currently working as Consulting Editor at Icfai Research Center, Icfai University, Hyderabad, India. He worked in USA, UK, Ireland, Finland and India. He has Bachelor of Science, Master of Computer Applications, Master of Technology and Executive MBA. He is Project Management Institute, USA certified Project Management Professional (PMP). He is currently pursuing his Doctorate in Business Administration from All India Management Association-Aligarh Muslim University. He is member of All India Management Association. He has extensive experience in project management, program management, general management, quality management, business process re-engineering, HRM, and human aspects of project management. He has wide experience in management consulting. He has more than 30 publications in Management. His articles were published in The Hindu, Indian Management, Businessgyan, Business & Management, The Global Educator, Express Computer, Projects and Profits, www.pmhub.net, Computers Today and CSI Communications.