Here’s The Shocking Reason Why Infosys Hiring Record 45,000 Freshers This Year!
Leading IT services provider of India, Infosys is now looking to hire as many as 45000 college graduates in the ongoing financial year!
The second quarter of the financial year has been predicted to be a strong quarter for the Indian IT services industry.
Read on to find out all the details about the hiring spree at Infosys!
Infosys Inc To Hire 45000 College Graduates
The IT sector alone is offering 31% entry-level jobs now, and the scenario of hiring freshers will only improve from here on.
Infosys Inc is planning to hire 45000 college graduates in the ongoing financial year. The company has recently announced its aggressive hiring plans after posting the financial results for the second quarter of the ongoing financial year that ended September 30, 2021.
The net profit during this period stood at Rs 5,421 crore, a jump from Rs 4,854 crore the previous fiscal year. At the end of the quarter, its workforce is 2.67 lakh strong of which 39.1% are female.
This comes at a time where there is rising demand for its services and also a spike in its attrition. While its revenue growth guidance rose to 16.5-17.5% from 14-16% earlier, its attrition for the quarter grew to 20.1% from 13.9% in the previous quarter.
The spike in attrition can be attributed to the burgeoning demand for digital talent as IT workers seek greener pastures. Infosys and Wipro’s attrition rates were reported to be 15.2% and 12.1% in the fourth quarter of the 2020-21 financial year.
Why Is Infosys Hiring 45000 College Graduates?
Infosys’ Chief Operating Officer has confirmed that the company plans to hire 45000 college graduates in order to harness the full potential of the upcoming market opportunities.
Infosys is also preparing to guide its workers to a new hybrid work model.
Roughly 98.5% of its employees in India still work from home.
Offices opened in July on a voluntary basis, but employees will be asked to come back in a formal manner from this month onwards.
We recently reported to you that 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.