Some interesting developments have emerged on the job sector front.
India’s first $100 billion IT services company TCS will now adopt on-demand hiring; and believe it or not, but Artificial Intelligence is the reason behind that.
Meanwhile, Infosys has said that they will keep on hiring Americans for the next few months.
TCS Will Now Adopt On-Demand Hiring!
Increasing usage of AI and automation in the delivery process is triggering massive changes in the job sector.
TCS has admitted that due to such transformations, they have now resorted to on-demand hiring.
Ajayendra Mukherjee, Global HR head and EVP of TCS has confirmed this development, as he said,
“Analytics, IoT (Internet of Things) and automation is changing the entire delivery process. We are going for hiring in an agile way which is on-demand,”
On-demand hiring means that recruitment process would kick-in, only when there is a demand. Earlier, most of the IT companies used to hire in anticipation of requirement.
As per TCS, they have given offer letters to 20,000 employees, via campus hiring, and 4000 have been employed off-campus.
TCS has confirmed that there won’t be any firing, due to increased automation. In fact, they are more into reskilling and re-training of employees as of now.
Infosys Will Hire 6000 More Americans!
Meanwhile, Infosys, one of the top three Indian IT services company has confirmed that they will keep on hiring Americans.
In fact, in the next few months, 6000 more Americans would be hired.
They have already hired 4000 Americans for various IT jobs in their American campuses.
Last year we had reported that Infosys will step up local hiring in the US, and approximately 10,000 Americans would be hired by them.
During the Morgan Stanley’s Twentieth Annual India Summit, Salil Parekh who is the CEO of Infosys said,
“Out of our target for 10,000 local hires, we have achieved 4,000 local hires. We made 800 college hires in FY18, we are looking at getting that to 1,000 in the next year,”
Last year in the month of August, Vishal Sikka had suddenly resigned as Infosys CEO, and Salil had taken over.
Infosys’ local hiring plan has been mainly triggered after President Trump signed the controversial ‘Buy American, Hire American’ order, which indirectly forced any company operating in the US to give first preference to locals.
Infosys has reiterated that strict visa norms in the US won’t hamper their growth.
We will keep you updated, as we receive more inputs.