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HP to increase Global e-Business staff by 320

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CIOL Bureau
New Update

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.

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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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