Hiring Freshers

On February 21, Wipro asked the candidates hired under the Turbo programme at Rs 6.5 LPA if they would be interested to join the company at Rs 3.5 LPA

Recruiters foresee maximum layoffs for senior professionals, with 20% of recruiters predicting the same. Freshers are expected to be least impacted by hiring corrections

This is nearly 4.5 times higher than the global average of 14 per cent

The screening tests may also get more stringent as the firms are under pressure to honour campus offers but are already overstaffed

This comes at a time when hundreds of freshers are waiting for their joining dates at Infosys even though they received the offer letter months ago

Indian tech industry hired around 380,000 freshers in FY22 and over 70 per cent of Gen Z students are keen to take up tech jobs in the near future, a Nasscom report said on Friday

Bengaluru-New York headquartered IT services firm, Vee Technologies has announced its plan to add over 3,000 fresh graduates to its work force in south India in the next 12 months, to cater to the growing business from its healthcare customers in the US. As a first step, the company said it has initiated the hiring process to induct 1,200 fresh graduates in biotech, science and arts as part of the Rs 200 crore expansion plan. Vee Technologies' delivery centres in Karnataka, Tamil Nadu and Telangana in India, and in Manila in the Philippines and multiple locations in the USA service global customers in healthcare, engineering and design space, through proprietary platforms. Vee's software, analytics and strategic IT services clients are made up of hundreds of hospitals, including six of the top 10 US hospitals, deploying proprietary platforms and tools, a company statement said. CEO and Managing Director of Vee Technologies, Chocko Valliappa said the company aims to triple the numbe

Freshers' hiring intentions have increased to 61 per cent for the July-December 2022 period as employers across India look to hire due to the accelerated rate of tech and digital advancements, according to a report. There is a more than threefold increase in the share of employment opportunities for freshers as overall freshers' hiring intentions for the current HY increased to 61 per cent as compared to July-December 2021, according to TeamLease EdTech Career Outlook Report. At the beginning of the second half of 2022, attracting and retaining talent emerged as a top priority for many leading companies and business leaders, it added. "There is a substantial increase in job openings for freshers, but many demand updated skills and experience due to the accelerated rate of tech and digital advancements globally. Breaking down the hiring intent thus helps identify the right path for students and corporations equally in the times of talent wars," TeamLease EdTech founder and CEO Shanta

"Attrition will need at least four quarters to come down to 20%. But the overall number of people leaving the company will come down significantly," said Milind Lakkad, Chief HR Officer of TCS.

Mid-rung engineering, management colleges see double-digit growth in offers, and a big rise in average pay packages

Adding to this, record number of hiring that the industry did means the bench at companies have gone up.

The study, which analyses freshers' hiring sentiment, covers 865 companies across 18 industries and 14 locations

Over 59 per cent of employers in India are keen on hiring freshers during the second half of 2022, 12 per cent more than the first half of this year, according to a report

In order to retain talent, companies announced several measures like salary hikes, stock options, promotions, long-term incentives, higher skill increments, and upskilling/reskilling training

There is a 30% rise in the intent to hire freshers in the January-June period of this year, as compared to the previous half year, showing a notable recovery in economic activity, says a report.

Talent supply for fresher roles has outpaced employers' demand in the 12-month period ending October 2021, indicating a rising talent supply in a declining job market, according to a report

Sectors that have withstood pandemic impact and have had a stronger hiring sentiment are IT (31%), telecom (25%) and tech startups (25%)

Euphoria is not just limiteded to entry-level talent. Intent to hire at junior levels is also on a positive trajectory, indicating Q2 to be dominated by volume hiring

Prathidhwani, a welfare organisation of IT employees in Kerala, has come up with a scheme to impart training in technology and required skill set to enable freshers to get jobs. "The scheme provides training in technology and skill set required by the companies and provides an opportunity for the freshers to find better employment. We also share applicants' profiles to companies as per their requirements," Raneesh A R, President of Prathidhwani at Technopark in Thiruvananthapuram, said in a release. Those who register on the portal, www.jobs.prathidhwani.org will receive notifications of various technology workshops organised by Prathidhwani every month. These training sessions led by domain experts are being organized free of cost, it said "So far, Prathidhwani has conducted 90 training sessions in various technologies," Raneesh said, adding that anyone can participate in this training which is conducted online. So far 35,600 people have applied for jobs through the

Demand for freshers, which was the hardest hit following the lockdown to curb the spread of Covid, has seen an uptick since June and this trend is likely to continue till the year end, say experts