This Tech Firm Plans To Hire Over 10,000 Freshers From Campuses In FY25; Check Details Here

The company recruited 12,141 freshers during the entire fiscal year 2024. As of the fourth quarter, its overall headcount reached 227,481 employees.

The attrition rate for the fourth quarter was recorded at 12.4 per cent, marking a slight decrease from the previous quarter's figure of 12.8 per cent ( Image Source :Getty )

IT services giant HCLTech announced on Friday that it will adhere to a hiring strategy similar to last year's and has established a goal of recruiting over 10,000 freshers in the fiscal year 2024-24. The firm said during its earnings call for the fourth quarter of the fiscal year 2023-24 that in Q4, HCLTech welcomed 3,096 new freshers to its workforce. 

The company recruited 12,141 freshers during the entire fiscal year 2024. As of the fourth quarter, its overall headcount reached 227,481 employees.

The attrition rate for the fourth quarter was recorded at 12.4 per cent, marking a slight decrease from the previous quarter's figure of 12.8 per cent.

“In FY24, we started with a target of hiring about 15,000 odd freshers...that was the go-in plan for the year, and we finished with adding more than 12,000. Given the volatility that we had through the year, we had to recalibrate our fresher hiring,” said Ramachandran Sundararajan, Chief People Officer of HCLTech. 

“In the coming year, we expect hiring to be along similar lines, probably 10,000 plus is what we are planning for - as a fresher addition for FY25, which means that we continue to pursue our campus programmes as well as our fresher hiring programmes,” he added.

Sundararajan stated that the addition of freshers will be distributed evenly across each quarter, depending on the demand.

Regarding contract hiring, the company intends to prioritise meeting demand through internal fulfilment. It indicated that it would resort to contractual fulfilment only when necessary, emphasising a strategy aligned with internal resources before considering external contracts.

“Contract hiring is always very tactical in nature. It is all driven based on how the demand is fulfilled internally. Only where we cannot meet demand internally, we make a tactical call for contract hiring and contract fulfilment,” said Sundararajan.

He further noted that the company experienced a decline in the requirement for contractual fulfilment throughout FY24.

“Looking ahead into FY25, our approach is going to be more focused on internal fulfilment, and we will build the capacity for that and invest in our skilling efforts to meet that goal. So contract staffing will continue to be tactical in nature, and it is going to support the demand that we cannot fulfil internally,” he added.