Indian IT Sector To Hire One Lakh 50 Thousand Fresh Graduates

According to industry estimates, the IT services sector is going to hire more than 150,000 fresh graduates in this financial year to meet the growing demand for technology services across the globe.

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, according to industry estimates, the IT service sector is going to employ more than 150,000 fresh graduates this financial year to meet the growing demand for technology services around the world.

It is estimated that the top four software exporters of the country, Tata Consultancy Services, Infosys, HCL Technologies, and Wipro will primarily employ over 1 lakh 20 thousand freshers in India, while mid-sized firms like LTI and Mindtree will also be appointing a large number of college graduates this financial year. Let us inform you that TCS, Infosys, HCL, and Wipro contribute more than one-third to the total IT service revenue of the country. Kamal Karanth, the 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 achieved major deals

Significantly, the top four Indian IT companies have achieved major deals as global corporations have increased spending on digital transformation after the pandemic. While TCS signed a prudential financial deal, Infosys won the Daimler contract and Wipro secured a deal with 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 to that Karanth said, The demand for freshers is expected to increase in the next 12-18 months. One reason for this is that hiring senior talent is expected to be very expensive in the current market conditions.

Top 4 companies hiring boom

The four big 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 service firm, Tata Consultancy Services, crossed the 500,000-mark during the June quarter, with more than 20,400 employees. While Infosys hired 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

"As the demand for digital talent has picked up, growing jobs in the industry have become a near-term challenge," said Praveen Rao, Chief Operating Officer, Infosys. We plan to meet this demand by increasing our recruitment program of college graduates to about 35,000 globally for FY22.

HCL 22,000 freshers to be employed

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, above 14,000 from 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, of which over 2000 were freshers. This was the highest quarterly increase in the workforce in a decade.

 

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