Thursday, October 8, 2009

IT firms’ new plan for recession

Hyderabad, April 12: In a bid to reverse the impact of recession, many IT firms in the city are pitching in through their concept of ‘service credit’ to ensure entrepreneurial training, online project testing facility and crisis management.

Through this concept, IT and management professionals can offer their services by training others in their domain of expertise and earn service credits.

If the professionals render 20 per cent of their expert service, they can obtain 50 per cent fee waivers to learn a new project and if the professionals contribute 40 per cent of their services then they would obtain a fee waiver of 80 per cent.

Sources informed that some of the former employees of Satyam too have shown interest in the concept. “This concept aims at building a shared ecosystem through collaborative service delivery to provide reliable training in all technology differentiators,” says Balarama K.V., a senior project management consultant.

“Experienced professionals who are temporarily jobless due to cost-cutting measures of several firms need not loose hope. Instead, that they can put their best foot forward by offering their services to others and upgrade their skills in the profession,” he said.

He said that such programmes have benefited fresh engineering graduates from JNTU. “The programme is aimed at empowering the students with experiential learning project support, job aspirants with professional internship, and a network of start-ups, small companies and voluntary organisations through affordable professional services,” said Mr Murali Krishna, a HR official of a Curosys Solutions, a private IT firm in the city.

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