No of software employees in india

The Indian workforce is million strong, the second largest after China. Source Wikipedia. Among the private sector, Indian IT continues to be among the biggest employer in the country.

The IT workforce mainly works as software engineers, developers, testers apart from support functions such as HR, marketing and operations. Even though other software and IT companies like Cognizant, Microsoft, Dell also employ a large number of Indian IT workforce, their employee strength is a fraction of these 7 companies. Tata Consultancy Services. According to the company, it has over , employees spread across 46 countries. The company is also expected to hire about 60, employees in its current financial year.

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Learn more about how Statista can support your business. June 17, Other types of leave time are negotiated in the employment contract or set by company policy. Severance pay in the US is not statutory and is usually a part of the employment agreement if offered at all.

Severance pay is required in India, and is equal to 15 days of wages for every year of employment. If you are sending an expat on assignment to India, they will need a work visa. The primary type is the Employment E Visa, granted for either one year or the term of the contract up to 5 years. This is similar to the H1B visa in the US, but the criteria may less stringent.

As you consider the full range of steps required for your US company to hire employees in India, it may seem overwhelming. If you are just entering the Indian market for the first time you may be wondering how to find the assistance you need. Unless you are planning a long term business presence in India, it may not be worth it to set up your own legal entity or branch just to hire employees.

This is where we can help, using our Indian employer of record to hire and onboard your employees in full compliance with Indian laws. The Shield GEO service is end-to-end, and takes care of payroll, tax withholding, making NPS contributions and sponsoring work permits when needed. We make international employment simple for your US company entering the Indian marketplace. Retirement funds are one way for employees to save for the future, and each country has a novel approach to how these funds are used.

When you are hiring abroad,.