TCS, Infosys, Wipro Offering Upto 120% Salary Hike, Joining Bonus; Demand For IT Employees Surges By 400%!

Pandemic affected all of us in a certain way. It forced us all back in our homes. It made work from home a new normal. Many lost their jobs and many businesses shut shop. But it looks like the India Ins is coming out of the forced hiatus and is ready to roar once again.

Even as a possibility of a third wave is looming over our heads, experts believe that India Inc is slowly shedding off its wait and watch mode.

IT companies are on a hiring spree

According to a survey report, as vaccination is being conducted at a higher rate and the economy is opening up, major IT giants like Tata Consultancy Services (TCS), Infosys, Wipro, and others have launched massive hiring drives.

The Indeep Report, in its analysis, said the demand for IT professionals has increased by a big margin of 400 percent.

Recently, TCS has announced its biggest recruitment drive for women professionals who are looking for job opportunities after a career gap. TCS asserted that this is an opportunity for talented and experienced women professionals to reinvent and challenge themselves and make a mark.

Higher salaries are being doled out, specialists are in high demand

The report says that it is not just the hiring in various sectors that have seen tremendous growth but are also offering higher pay packages in comparison to the previous year. According to the report for full-time engineers, the companies are now offering hikes as high as in the range of 70-120%. This hiked are far more than what was being offered last year with only 20-30%. 

The report also noted that the IT companies are offering 70 to 120 percent hikes to full-time engineers. With increasing salaries throughout the industry, the total wage bill for the entire IT sector is going to go up by USD 1.6-1.7 billion in FY22.

Not just record-high tech job vacancies, but the demand for niche and super niche skills-centric jobs like Application Developer, Lead Consultant are also witnessing a sharp increase. 

It truly is a golden time for employees with the right skills and aptitude required by the industry. The ones who are looking for a new job in the IT sector and want to get a good salary in return can really make a fortune out of this opportunity.