“Custom Application Development, Digital Engineering, Product Engineering, Infrastructure support and BPM are the areas with most recruitment”
In the last two months of 2020, IT services industry hired about 81,000 people across mid- to senior-levels. Hiring agencies said that this is due to the demand from the tech services companies and captive centers of the global firms.
According to Han Digital, an IT-BPM recruitment research firm, combined recruitment by technology services companies, captive centers and business process management (BPM) companies in the month of December alone has seen a 10% increase as compared to the same period of previous year.
The industry hired 75,000 people, during the November-December period in 2019.
However, this number does not reflect net new job creation by the sector.
Major Recruitment In Technology Domain :-
Saran Balasundaram, Founder and CEO of Han Digital told ET that “Usually IT-BPM sector’s onboarding number is relatively lesser in December. However, December onboarding was 10% higher than hiring in 2019. However, the November numbers are almost equal to 2019”.
Most of those recruited were for technology areas such as Custom Application Development, Digital Engineering, Product Engineering, Infrastructure support and BPM.
Given anticipated higher attrition of between 16% and 18% this year, Han Digital expects the industry to undertake a minimum recruitment (job change) of 160,000.
Also unlike in the previous years, hiring of freshers also witnessed a surge during the last two months according to the analysts.
Due to increased competition and demand for new digital technology-led projects, Balasundaram said, one of the top five Indian IT firms is creating a bench of highly skilled employees.
A Rise In Overall Hiring:-
Chief strategy officer of Nasscom, Sangeeta Gupta said that despite the impact of the outbreak on businesses, IT-BPM industry will end the ongoing financial year with a significant net employee addition.
“The hiring activity picked up during the last two months and onboarding started for freshers too,” said Gupta.
Typically, IT services companies recruit most freshers during the January-March period and the first quarter of the fiscal year.
Kamal Karanth, co-founder of specialist staffing agency Xpheno, said hiring growth in December rose sharply compared to the previous year.
“Some of the captive centres in the financial services and banking space added nearly 2,000 people each last year despite the pandemic. We might see further rise in overall hiring in January,” Karanth said.