- Immigration reform may not happen this year in the U.S which is a relief for the IT industry worth $118- billion as the Obama administration will consider executive action rather than Congressional approval
- According to the IT industry body’s chief a talent trends report on IT-BPM industry points out that hiring and attrition will be high this year
- IT sector will hire around 1.8 lakh employees by a 6% hiring rise and an increase of 100-200 bps firms will need to spend more to retain the employees to avoid attrition since it was high last year
- Strategy of the IT industry is to keep huge bench strength and is no longer a differentiation but the bench strength is expected to reduce with non-traditional challenges of recruitment expected to become more popular
- Read at: http://www.thehindu.com/todays-paper/tp-business/h1b-move-by-pollbound-us-may-not-hurt-it-firms/article6243430.ece