These Non-IT Firms Will Hire 100% More Freshers: PwC, Byju’s, Goldman Sachs

The professional world has now adapted to a complete reliance on digital spaces, tied with plateauing reports of Covid-19 cases across the country.

To closely assess the performance and hiring graphs of different sectors in the Indian market amid improving marking sentiments, Trak.in has recently published a story you can find here. 

Companies, both Tier-I and Tier-II have ramped up their hiring numbers, with the IT and BFSI sectors showing the most results. Companies are increasing their hiring standards from engineering colleges by 100%.

Big names in the Indian market, like Goldman Sachs, PwC, Tata Consultancy Services (TCS), Byju’s and Tata Steel, among others are readily and highly indulged into hiring increasing numbers of freshers, both from on-campus and off-campus routes.

Hiring Trends of Different Companies

As hiring across the country increases, experts comment that the huge demand for talent drive is increasing due to higher than ever attrition rate and the rapid pace of ongoing digital transformation.

• IT major Cognizant will offer 45,000 job opportunities to fresh graduates of 2022, which is an increase from 30,000 seats awarded for class of 2021.
• The multinational investment company Goldman Sachs will hire 600 employees for its engineering vertical.
• Consultancy major PwC is known to double its hiring numbers this year.
• Bengaluru-based IT giant Infosys will hire about 24,000 freshers in 2022.
• As reported earlier, IT majors in India, TCS, Infosys, HCL Technologies and Wipro will collectively hire as many as 120,000 fresh graduates in FY 2021-2022 in the Indian space.

Most of these job hirings will address the tech community in the country, as the pace of software development is outgrowing the supply of quality hires.

Besides, companies will also hire individuals who can quickly verse themselves with new-age skills, where there is still a lack of talent.

The senior vice-president, HR of Cognizant India, Shantanu Jha, told ET that the company is focussing on recruiting a large number of students with advanced programming skills who can be prepared for full stack engineers, data scientists, AL/ML developers, and cyber security specialists.

While another such spokesperson from Tata Steel has been quoted saying that some of the tech recruits will be assigned roles in analytics and insights, artificial intelligence, and machine learning, which are areas that face a crunch.   

Goldman Sachs has informed that it will hire for specialised engineer roles from the campuses of IITs and NITs, along with potential candidates through off-campus routes.

Markets Other than IT on Hiring Spree

Following the IT sector in the YoY hiring spree is the Banking, financial services and insurance (BFSI) industry with an uptick in hiring of 33%, followed by finance and accounts jobs witnessing an increase of 11%.

Not just the traditional market indicators, industries like manufacturing in garments, textiles, leathers and jewellery also witnessed a hiring uptick of 24%, while that in marketing and communications went up by 17%.

While different industry segments are witnessing an increasing hiring numbers, there are some which are not as active in the hiring zone as others. 

In industries like oil and gas, shipping and BPOs, there have been numbers of hiring roles but the graph towards is slightly sluggish.

Furthermore, there are also industries where the hiring numbers are negative, like engineering, cement, construction, LMCG, logistics and freight transportation.