IT services providers tapping their alumni network to revive businesses

Published On: Wednesday, August 19, 2020 | By: Team KnowMyStock

IT services providers including Mindtree, Birlasoft, and LTI are tapping their alumni network as businesses revive following stepped up outsourcing by clients to cut costs and scale up their technologies. This network, apart from being a great source of finding workers who know exactly what the company wants, is useful because the software services providers do not have to highlight their uniqueness during recruiting. And, with new hires being onboarded remotely, bringing back former employees is an added advantage. Exact numbers are difficult to estimate, but in cases, like Mindtree the returning employees account for 10-15% of the total talent intake over a given period according to sources.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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