While the demand for IT services companies remains robust, thanks to the evolving digital environment, high attrition rates remain a top concern for IT firms. Attrition rate of IT companies has been rising consistently and in-line with growing demand for digital talent.
These companies will be on a hiring spree in the coming few months:
Infosys, India’s second-largest IT company, has further extended its ‘global graduate hiring program’ to over 55,000 freshers for FY22 to support the growth ambitions.
Infosys Chief Financial Officer Nilanjan Roy announced that the IT giant will continue to prioritise investments in talent acquisition and development.
Indian IT conglomerate Wipro is looking to hire 30,000 freshers in FY23, Saurabh Govil, president and CHRO of Wipro said, adding that the fresher hiring numbers were pegged at about 17,500 for FY22. The company informed that it is on course to onboard over 70% more fresh talent from the campus in FY22 against the previous year.
Tata Consultancy Services is the largest IT services company in the world by market capitalisation. With a workforce of 5.28 Lakh spread across 46 countries, TCS is one of the biggest global employers right now.
Just like its rivals TCS, Infosys and Wipro, HCL too is betting big on freshers to combat high attrition rates and win the talent war. HCL Technologies said that it has so far hired 15,787 freshers out of the planned 20,000-22,000 for FY22.
HCL expects to double the quantum of freshers’ hiring in FY23. The company plans to bring on board 2,000 graduates over the next 2-3 years.
New Jersey-based IT service provider Cognizant onboarded a record 33,000 new college graduate hires in India in 2021 taking its global headcount to 330,600.
The American IT services and consulting firm is now hiring developers with 2+ years of work experience.