NIIT Technologies increases talent hiring on low-cost nearshore facilities

SwathiMoorthy Moneycontrol News
Overseas hiring is not showing any signs of slowing down, and to cater to the growing demand, NIIT Technologies is ramping up its hiring for its nearshore facilities overseas,said Arvind Thakur, Vice Chairman and Managing Director on February 22.

Thakur,who was in Mumbai for the NASSCOM Technology Leadership Forum, said, "Overseas hiring is going to increase going forward, especially digital where engagements are more onsite."

"What we have done is we have set up nearshore facilities in our overseas geographies. A lot of hiring happens in those facilities," he said. In terms of revenues, 60 percent came from overseas, and 40 percent was domestic.

Nearshore facilities are those which are located low-cost international locations. For instance, the company has a facility in Boise, Idaho—An area, which has good talent engaged in digital work available at a relatively lower cost, according to Thakur.

The company is looking to recruit talent in with digital skills in India as well, with digital now becoming a significant portion of the business. Though Thakur did not give a hiring forecast, he said the company in the last two quarters has hired close to 500 people.