HP to increase Global e-Business staff by 320

By : |April 22, 2002 0

BANGALORE: HP is planning to add 320 employees to its existing 530 work force
in its Global e-Business Operations entity in Bangalore. The additions are to be
made by October of this year. The company also plans to rent out space in its
Wind Tunnel Road operations, to accommodate the newly recruited employees.
However as the company is in an white period ahead of it’s results
announcements, financial details were not disclosed.

HP’s Global e-Business Operations in India, a wholly owned subsidiary of HP
Europe, manages the accounting and transaction processing for HP Company
worldwide. This is the only center of HP across the globe catering to the
company’s worldwide accounting and transaction processing demand.

As the company has started offering services in Spanish, French and German
languages, it plans to recruit professionals with language knowledge and offer
training on accounting and transaction processing. Earlier it used to recruit
commerce graduate and offer training in language. It also plans to offer
services in Italian and oriental languages in the months to come.

Although the entire service is for HP alone, the company is open to extend
its services to external customers as well, provided a viable business
opportunity exists.

"Dataquest Gartner reports a worldwide business opportunity of $ 301.2
billion by 2004 in Business Process Outsourcing, out of which accounting
transaction provides $ 7.54 billion. This is the place we are addressing. HP
realized the potential for productivity and cost savings by streamlining its
accounting systems worldwide. Doing this work in India costs HP about one-sixth
of the cost of doing it in the US," said, Hp’s Global e-Business
Operations, President, Vivek Nagarkatti.

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