Hiring In IT Sector

Amid ongoing global layoffs especially in the tech sector, hirings in India saw a 9 per cent sequential growth in February and the IT sector signalled a positive comeback after witnessing a decline

The hiring rate for the IT sector is likely to grow by only 10 per cent in 2023, almost half of the 15-20 per cent rise seen this year

Consulting, finance, core and international trading companies take the lead in chasing talent

'Ups and downs' in global economy will not impact Indian industry for long, he says

With the IT sector showing a decline, Bengaluru, Hyderabad and Pune showed a decline in hiring activity, according to the Naukri JobSpeak index

Several CEOs of IT companies in India have said that companies need to be cautious amid macroeconomic uncertainties

A Nasscom report indicates that digital core talent has grown faster than IT core talent, as companies undertook skilling initiatives to reorient the workforce.

Industry analysts add companies hired in a big way in FY21. With a sudden global slowdown they will go slow and it is evident in the hiring targets for FY22

Driven by growth in IT, ecommerce, FMCG and other allied sectors, Bangalore has emerged as the top city with the highest intent to hire in the second quarter followed by Chennai and Mumbai, according to a report. In the July to September quarter, according to the TeamLease Employment Outlook Report, 95 per cent of employers expressed the intent to hire more, compared to 91 per cent in the April-June quarter. From a pan-India perspective, 61 per cent of employers surveyed were keen to hire during the period, a 7 percentage point increase over last quarter, it added. In Bangalore, both manufacturing and services have shown positive intent to hire, the report stated. In the manufacturing sector, leading industries were FMCG (48 per cent), healthcare and pharmaceuticals (43 per cent), manufacturing, engineering and infrastructure (38 per cent), power and energy (34 per cent) and agriculture and agrochemicals (30 per cent), it revealed. From the services sector perspective, leading ...

Sundar Pichai said the company will focus on hiring "engineering, technical and other critical roles," in 2022 and 2023

TCS which had shared in Q4 of FY22 the hiring target of 40,000 for FY23, said the target remains

Record high hiring outlook of 51% in eight years

In the last few weeks alone, analysts at JP Morgan, Kotak Institutional Equities and Nomura had sounded caution on the IT sector, suggesting that the heydays may be over, at least for now

With higher attrition in H2 of 17-19 per cent, the industry is likely to have a net employee addition of about 175,000 in H2FY22, says study

Most analysts forecast a nearly 20 per cent year-on-year (YoY) jump in Infosys' revenue during the second quarter of the financial year 2021-22 (Q2FY22)

Other sectors that showed standout growth include financial services (48%), and BPO/ITeS (47%)

The company's chief operating officer N Ganapathy Subramaniam said there is no dearth of talent supply in India

India's hiring rate has recovered moderately from 10 per cent in April to 35 per cent in May 2021, but the aftermath of the second COVID-19 wave has left professionals in India increasingly vulnerable to the economic uncertainty, as per LinkedIn data. India's hiring rate on LinkedIn dropped from 50 per cent in March 2021 to 10 per cent in April 2021. The hiring rate witnessed a modest revival to 35 per cent in May 2021, as localised curfews gradually lifted and economic activity partially resumed. However, working women and young professionals still remain vulnerable to economic turbulence. "Working women are 4x less confident than working men, while the average time taken for new graduates to find jobs has increased from 2 to 3 months," according to LinkedIn. Some of the dominant industries on LinkedIn that are actively hiring are -- Finance, Corporate Services, Manufacturing, Healthcare, and Hardware & Networking. On the other hand, the industries that witnessed a decline in ...

At 40th AGM of Infosys, its chairman Nandan Nilekani said in FY21 the company had industry-leading, healthy revenue growth at 5% in constant currency, totalling $13.6 bn

TietoEVRY has ambitious plans to ramp-up its resources in India by 20%