Indian IT companies are hiring techies but with limited talent, it is becoming difficult for them to hook the potential candidates. To add to the worry, employees are resigning from their position and holding multiple job offers. Hence, companies are wooing employees to join them with high bonuses and even bikes.
For new joinees, the companies are also adding flexi-working, iPhones, and even paying candidates that are taking the assessment, whether they are selected or not.
The companies are minting money but negotiation of candidates has become difficult as well. Candidates are taking up multiple offers at once and selecting a better one in terms of salary. This is making companies opt to offer the best salary or compensation that they can.
The hiring managers or talent acquisition managers are scheduling around a thousand interviews in a week, out of which 50% are happening and 70 people are selected. Out of which, only a few finally join the team.
In this fiscal year, the top IT firms like Wipro, HCL, Infosys, and TCS are planning to hire one lakh techies. Along with this, other companies are hiring to increase their headcount with the increase of global demand for digitisation.
By the end of June 2021, 10 IT companies have hired 1.21 lakh people in six months. The count is the highest in the last five years due to the increase in the demand for software services.
The digital shift has created momentum in the market with companies like Wipro, Infosys, and TCS doubling digit revenue growth in 2021. In 2019, there has been the hiring of 45,649 employees in the top 10 companies.
In the last five years, the count of hiring has exponentially increased. Tech Mahindra and HCL Tech employ 1.26 lakh and 1.76 lakh respectively whereas TCS, Wipro, and Infosys hired two lakh people.
The in-demand roles that the companies are hiring for are cybersecurity professionals, full-stack engineers, data scientists, artificial intelligence experts, network security, big data experts, data analytics, and cloud architects.