PUNE: Indian IT services firms are extending to Europe a recruitment model that they have successfully employed at home and in the US: hiring fresh graduates from college campuses, training them and deploying them on projects.
The move is to address talent shortages at their units in Europe and to build a team of people who are attuned to their culture. L&T Technology Services just concluded a two-week roadshow in France, Germany and the Netherlands, where it showcased products from its labs in India to customers and also conducted a hackathon to attract talent.
Tata Consultancy Services has announced the pan-European launch of [email protected], a talent programme aimed at graduate trainees. It had launched the programme first in Germany in 2017 and then extended to Hungary and the Netherlands.
“If we hire laterally, we’re fishing in the same pond as everyone else. We decided two years ago to start hiring from campus in the US and this year will be hiring 50-60 people from campus in Europe,” said Amit Chadha, president of sales and business development at L&T Technology Services. These people will be trained for six months in India before being deployed locally.
The demand for digitally-skilled employees is growing by around 4% a year and Europe lacks skilled information and communication technology specialists to meet this.
Reasons for this range from the lack of digital education to an ageing population. Indian companies have already taken the campus-recruitment model to the US and are seeing success. Infosys too has been hiring from campuses for the last few years.
“[email protected] offers graduates a valuable opportunity to build professional experience working with the latest digital technologies. We are pleased to now be able to offer graduates across Europe the opportunity to get a head start in their careers,” said Prithwish Ray, director of HR at TCS Europe.
Chaitanya Rajebahadur, the head of Zensar’s operations in Europe, said: “Our hiring across all regions, including Europe, is in line with our local client requirements and projects. We intend to hire from campuses this fiscal in the region.” Zensar, which has a presence across Europe, has been using its UK labs to showcase the work being done by the company to local customers.
For most companies, Europe is the second-largest market after the US, contributing on average a quarter of their global revenue. Most of their clients in the region are from the manufacturing and other verticals with a lower concentration of financial services as compared to the US. With the US banking sector showing signs of slowing down, it has become even more important for tech firms to double down the focus on other sectors and geographies.
Source: Economic Times