Why IT cos are scouting for senior talent to bring in new business
MUMBAI: Even as they cut back on freshers, IT companies are scouting for senior talent to bring in new business arising from automation and new technologies at a frantic pace. IT companies used to bulk up on engineering graduates as they prepared for faster growth, but as automation kicks in, more business growth is being dictated by those higher up the pyramid. The demand is not for CEOs, but for experienced sales leaders, project heads and delivery and architecture experts. "It is important to segregate the leadership we are hiring and promoting at scale because the leaders are driving the business. I think from a recruiting of leaders like managing directors, we've never been so active in the market," Pierre Nanterme, CEO of Accenture, said in a post-earnings conference call last month. Accenture added that it would moderate its overall headcount addition. Nanterme also said the company promoted more managing directors this year, than in the last four. Accenture's digital and cloud business is now about 40% of its revenue. L&T Infotech, which is the process of going public, has been one of the most active hirers in the last year. "In the senior management range, what is N-1, we have hired about 30 people and strengthened the management. We are also planning to put in place a bigger team in Europe this year," AM Naik, group executive chairman at L&T, told ET. Even smaller IT companies like Pune-headquartered Zensar, are preparing to hire at senior levels. "We are planning lateral hires in client management, onsite...12-07-2016