Opportunities for IT Employees As Synechron Plans to Hire 1500 Professionals
As it targets to more than double its revenues to $1 billion by FY20, mid-tier IT firm Synechron is looking to hire up to 1,500 in the next 12 months.
Faisal Husain Chief Executive said, “We have 7,500 employees at present and are looking to hire 1,000-1,500 more over the next 12 months.” The move by the US-headquartered company, which employs over 5,000 people in Bengaluru, Hyderabad and Pune, comes at a time when the IT industry is facing a lot of challenges, including automation, currency volatilities and rising protectionism in mature markets.
Husain said the company is benefiting because of the moves of its peers, but added the rupee appreciation is taking away the advantages, which may help in staff being hired at lower salaries.
The company clocked revenue of $ 390 million in FY17 and is targeting to increase it to $ 480 million in FY18. As many of its peers suffer reverses due to the disappearance of the cost arbitrage work, Synechron has benefited because of its focus on the upcoming areas like digital, artificial intelligence and block-chain technologies.
Husain said. “All the work we do is on the change part, rather than the run part, which is leading to troubles elsewhere.” He said nearly 1,000 people in the fresh hiring will be based here at Pune, which is its single largest development centre.
Most of the freshers hired by the company at reputed engineering colleges are trainable; however an overhaul of education system will make it more relevant for the industry.
