Citing the challenges with on-campus hiring due to the virus outbreak, HCL Technologies is planning for off-campus recruitment for FY21, according to the company’s CHRO VV Apparao.
HCL Campus Hiring Challenges
Basically, the company is planning to recruit over 15,000 people considering 12,000 freshers for FY21.
“The 12,000 freshers will include a mix of on-campus and off-campus,” Apparao explained.
The no is slightly higher than the 9,000 people it on-boarded from campuses during the last fiscal.
Normally companies start campus recruitment from January through May and organize off-campus freshers’ drive for multiple campuses for tier II and tier III colleges.
So far, Indian IT firms are the major recruiters in Indian engineering colleges, but pandemic has made hiring from campuses a huge challenge.
According to Apparao, “Hiring in campuses was part of the plan but we are not getting people in campuses today starting March,”.
Further Apparao said, “Starting March, pretty much all the kids have gone home. Even colleges were not working. There were instances where we sent 10 people to campuses and got only five or six students,”.
How To Resolve It?
Further, he mentioned that the average salary of freshers will remain at Rs 3.5 lakh and the company’s hiring process has shifted to the virtual mode.
So far, HCL has recorded higher productivity in the June quarter despite around 96 percent of its employees working from home amid the pandemic and the lockdown.
Currently, Universities are still exploring options for conducting the exams for final year students and have no clarity about opening the colleges.
“If this continues, we will have to get into the open market and recruit,” Apparao added.
“So we have already started recruiting some fresh graduates offline because businesses cannot wait. As CVK has given guidance, we are looking at decent growth,” said Apparao.
For the Q2 June 2020, the company registered revenue of $2,356 million, down 0.3 percent on a year-on-year basis.
However, the hiring outlook remains strong for FY21, at 15,000 for FY21, so far, there is not much clarity whether this would continue for the next fiscal as well.
While there is not much clarity about on-campus recruitment for FY22 and what will happen to the current third years.
“If things don’t open up and risk levels continue the way they are today, it will become predominantly off-campus recruitment,” Apparao added.
Apart from these, HCL has also increased reskilling efforts in the latest technologies like cloud, cybersecurity and data and digital analytics, as the demand is huge.
Also, they had signed 11 digital transformation deals for the June quarter and some of them are large over $100 million.
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