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Foreign Direct investment in Telcom
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05. INFOTECH |
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National Assessment of Competence (NAC)
Begins |
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NASSCOM, announced the national
rollout of NAC - the NASSCOM Assessment of Competence (NAC) with the
government of Rajasthan, making the state the first one to roll out
NAC. The test will be held in the cities of Jaipur and Ajmer on November
18th 2006. |
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Hewitt have been working with Indian ITES-BPO industry
to create a national assessment and certification programme
- NAC. The initiative is aimed at creating a robust and
continuous pipeline of talent. This will be done by continuously
assessing candidates on key skills through a national
standard assessment, thus making it easier for firms to
screen candidates and also provide training need analysis
to candidates. This will then be tied in to training and
development efforts to help more candidates become competent
to work in the industry. Hewitt Associates is the Program
Manager for the NAC, and is responsible for designing
and rolling out NAC on behalf of NASSCOM and Indian ITES-BPO
players. The NAC pilot testing phase was officially launched
in August 2005 and successfully completed by testing approximately
6,000 candidates across various ITES-BPO companies, till
now. NAC is aimed at creating a robust and continuous
pipeline of talent. |
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This will
be achieved by assessing candidates on key skills through
a national standard assessment. The scores obtained by
candidates will help organisations screen them and determine
training needs for individuals. Hewitt Associates is the
Program Manager for the NAC, and is responsible for designing
and rolling out NAC on behalf of NASSCOM and Indian ITES-BPO
players.
Key benefits of NAC
NAC will increase the reach of ITES-BPO industry to tier
II and tier III cities for their sourcing requirements;
and additionally will spread awareness about job opportunities
in the ITES-BPO industry Industry
a) Creation of a national
standard for recruitment of entry level talent
b) Substantial cost
savings and reduced cycle time for talent sourcing c)
Ease of benchmarking for individual processes with industry
standards
d) Ability to create
visibility and reach out to a larger audience |
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Job
aspirants
a) A common, transparent
process across companies in the ITES-BPO sector
b) Ability to identify their
strengths and weaknesses and self-assess training needs
Training Firms
a) Insights into the training
requirements given the skill gaps
b) Inputs to help create
and refine training modules which deliver immediate benefits
and hence has greater buy-in
Governments
a) Help explore talent in
Tier II and Tier III Cities for industry requirements
b) Understanding talent
strength areas and areas of improvement
c) Employment generation
and creation of education to employability linkage
d) Help in attracting serious
investors by enabling State governments to plan their investment
policies basis the ground data about talent availability. |
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Indian IT Companies: On a fast
track |
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According to Morgan Stanley
research reports on Indian software firms growth, they are expected
to grow at a rate of 35 percent as compared to other global
companies at around 6 per cent .In terms of ranking Infosys
Technologies ranks number one, TCS second and Wipro third Accenture
ranks fourth, followed by Electronic Data Systems (EDS). Cognizant
Solutions ranks sixth, Amdocs, seventh, Computer Sciences, eight
and Cap Gemini is ranked ninth. Satyam Computer occupies the
10th position. |
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The revenue and
net earnings of all four frontline Indian software firms have
more than doubled over the last three years while global software
companies are registering an annual growth of around five to
six percent. The estimates for net earnings for Indian companies
is pegged around 25-30 per cent while global IT majors would
witness an estimated earnings growth rate of around 15-20 per
cent. Infosys' net earnings are estimated to grow at |
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two years compound
annual growth rate of (CAGR) of 33 per cent while TCS earnings
is expected to grow at 31 per cent.
Wipro and Satyam Computers earnings growth rate of 26 per cent
each will be ahead of Accenture (11 per cent), Amdocs (15 per
cent) and Computer Sciences (17 per cent) in earnings growth
in next two years. Cap Gemini, EDS and Cognizant Solutions which
have low earnings |
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base would outperform
their peer with earnings CAGR of over 50 per cent. Infosys'
guidance for fiscal 2007indicates a revenue growth rate of 25.2-
27.3 per cent over fiscal 2006 and its EPS is expected grow
at 21.4-23.4 per cent. Satyam Computer expects a revenue growth
rate of around 29.2-31.2 per cent while its EPS is expected
to grow by 27.5- 29.5 per cent. Wipro and TCS have not provided
their guidance for fiscal 2007. |
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SOFTWARE, SERVICES EXPORTS UP
According
to data compiled by the Electronics and Computer Software Export
Promotion Council (ESC). Software and services exports, including
IT enabled services (ITeS), are estimated to have reached US$6.3
billion in the quarter ended June 2006, an increase of 32.29
per cent compared with the exports in the same period last year,
As per the ESC's projection, computer software and services
exports, including ITeS, will increase to Rs 1,40,000 crore,
up by 33 per cent over the previous year's figure of Rs 1,05,000
crore. In the case of computer hardware, the estimated export
for the quarter April-June 2006 is Rs 2,000 crore, which is
a 25 per cent growth over the same period last fiscal. The ESC
has projected exports worth Rs 11,500 crore for 2006-07, of
which 21.4 per cent has already been achieved. ESC envisages
an annual growth rate of 19 per cent in the hardware sector.
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