IT, BPO Firms Will Hire Record 3.75 Lakh Staff This Year; Contractual Jobs Has Highest Growth

IT and BPO firms will be amping up their hiring in the upcoming new year, 2021-22. Increased investments in the sector and rapid adoption of technology by the businesses in India has led to these firms increasing their hiring process too.

IT and BPO firms are expecting to add 3.75 lakh new jobs and will reach a head count of 48.5 lakh in 2021-22

IT And BPO Firms To Grow To 48.5 Lakh Employees By March 2022

A report, the TeamLease Digital Employment Outlook Report by TeamLease Digital, the specialized staffing division of TeamLease Services, has confirmed this. The report confirmed that India Information Technology and Business Process Management (IT-BPM) will grow from 44.7 lakh to 48.5 lakh by March 2022

This report is qualitative research and has surveyed and interviewed more than 100 employers and leaders. These include contract staffing heads, subject matter experts.

As per the report, things are looking up for the model of employee-employer contract.

17 percent of growth has been predicted in contract staffing that will gain significantly from the positivity in the market. As of now, full-time employment has the most volume. IT contract staffing will probably be reaching a headcount of 1.48 lakh employees by March 2022

The report also states nearly 10-15 per cent of contractual IT-BPM joiners in FY22 will be from full-time employment.

Digital Skills In Demand In Next Fiscal?

Apparently, digital skills will be most in demand in this fiscal.

13 skill sets will have an increased demand and are expected to record a 7.5 percent growth in this fiscal over FY21. There will be an increase of 50% in the demand for contract staffing for Digital Skills. This indicates an increase of 19 percent as compared to last year.

TeamLease Digital Head, Specialized Staffing, Sunil C said, “About 43 per cent of our customers are expecting to increase Digital Skills hiring by at least 30 per cent or more this year, however, what is concerning is the demand-supply gap.”

The gap between the demand and supply is widening for data engineering, data science, machine learning, and artificial intelligence skills.