As per the reports, IT majors in India are planning to hire in big numbers around 100,000 people locally in view of strengthening their teams in order to deliver the fresh client base created due to the shift in the digital world.
Following the first quarter where IT firms suspended further hiring now, they are prepping up for the next phase with resuming hiring and honoring offers made to the campus hires.
The other positive signals are also on the horizon since most of the IT companies are reporting an increase in deal volumes and a considerable deal pipeline.
But they can not deny the virus spread impacts as it is taking more time in closing the deal.
Who Is Hiring?
If we talk about hiring, despite the challenging situation, India’s IT major TCS alone is expected to hire more than 40,000 professionals as they have done last year, according to their global hr head, Milind Lakkad.
Moreover, the IT company has resumed freshers and lateral hiring too.
In the same tune, Infosys is planning to onboard more than 20,000 employees and HCL is expected to have around 15,000 freshers this fiscal.
Confirming the above news, last week, Cognizant CEO Brian Humphries said to ET, “We are hiring 15,000 freshers this year to continue to correct our pyramid. I am in the middle of building out 500 incremental revenue-generating sources,”.
In the first quarter, many IT firms have delayed their joining dates, now with the work from the home settlement, they have started hiring for freshers remotely.
Confirming on the same, Zensar Technologies has mentioned about their fresher hiring in past months across five locations.
What Does The Specialist Say?
The co-founder, Xpheno a specialist staffing firm, Kamal Karanth said, “There is a lot of pent up demands and companies haven’t been hiring over the last three months. They have been winning new deals and are creating bench capacity,”.
Despite the IT firms reporting fall in revenues in the first quarter, they have reported better performance than expected as Tech Mahindra CEO CP Gurnani said, “the deal pipeline is the strongest I have seen in three years, even though deal closure is taking time,”.
Apart from this, there is also a good rise in the job postings for mid and senior levels as mentioned by Joseph Devasia, the managing director of Antal India.
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