When people are losing their jobs due to the Corona crisis, news of relief is coming from the country’s IT sector on the employment front. In fact, to meet the growing demand for technology services across the globe, according to industry estimates, the IT services sector is going to employ more than 150,000 fresh graduates in this financial year.
It is estimated that the top four software exporters of the country, Tata Consultancy Services, Infosys, HCL Technologies and Wipro will mainly employ over 1 lakh 20 thousand freshers in India, while mid-sized firms like LTI and Mindtree will also be doing this in this financial year. Will appoint a large number of college graduates. Explain that TCS, Infosys, HCL and Wipro contribute more than a third to the total IT service revenue of the country. Kamal Karanth, co-founder of staffing solutions firm, Xpheno, says that “IT services companies have exhausted their bench and there are not enough people to deploy on new projects because they win big deals.”
Indian IT Top 4 companies have got big deals
Significantly, the top four Indian IT companies have won big deals as global corporations increased spending on digital transformation after the pandemic. While TCS won the Prudential Financial deal, Infosys won the Daimler contract and Wipro won the deal from Metro AG. “Most (Indian IT) service companies have slowed down their fresher hiring in the last few years, while the utilization of these people has increased significantly during the pandemic,” said Karanth, adding that in the next 12-18 months, Karanth said. The demand for freshers is expected to increase. One reason for this is that hiring senior talent is expected to be very expensive in the current market conditions.
in top 4 companies hiring boom
The big four companies, which employ more than a quarter of India’s 4.6 million IT workers, hired more than 48,500 people in the June quarter. India’s largest services firm, Tata Consultancy Services crossed the 500,000 workforce during the June quarter, with over 20,400 employees joining. While Infosys employed over 8,200 professionals, Wipro added over 12,000 people to its workforce, HCL Technologies employed 7,500 people in the June quarter.
Infosys FY22 will recruit college graduates for
Praveen Rao, Chief Operating Officer, Infosys said, “As the demand for digital talent picks up, increasing jobs in the industry has become a near-term challenge. We plan to meet this demand by expanding our recruitment program to around 35,000 globally.
HCL 22,More than 000 freshers will give job to
At the same time, VV Appa Rao, Chief Human Resource Officer, HCL Technologies, says that the company had inducted more than 16,800 employees in the last two quarters. Also 3,000 additional third party contractors were added in the last quarter. He said the firm plans to hire over 22,000 freshers, up from 14,000 last year.
Wipro adds 12150 new employees during the quarter
On the other hand, Wipro which has crossed the 200000 employee mark added 12150 new employees during the quarter, out of which over 2000 were freshers. This was the highest quarterly increase in the workforce in a decade.
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