IT Hiring

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Activity in IT sector is expected to slow

Productivity improves in terms of revenue per employee

Business Standard brings you the top headlines at this hour

So far the top three IT firms have announced their third quarter numbers and the dip in attrition rates and a higher bench strength seems to be signalling towards a normal year for hiring in FY24

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

Ukraine war, funding cuts for start-ups, companies tightening spending among reasons for hiring decline

Ongoing investments in 99acres amid rising competition may hinder profitability

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

"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.

Texas-based IT firm Accolite Digital plans to raise headcount by over three-fold in India to around 8,500 in the next three years, a top company official said.

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

The demand is for skills that can address new technology demands such as AI/ML, data analytics, cloud etc, which may not be easily available in these cities

TCS' Edison Business Center, one of 30 TCS facilities in the US, serves more than 100 customers in New Jersey.

The company ended the year with a total headcount of 330,600, up 14 per cent year-on-year.

7% pay hike w.e.f. Jan 1 for 80% staff, rest to get one in June, first round of promotions done in Dec 2020, next to begin this June

How industry uses 'access to technology' will matter in a democratic system, says Debjani Ghosh

While the bulk of Infosys's recruitment remains in India -- with 15,000 grads enlisted over the past 12 months -- Infosys is laying the foundation for more hiring abroad at a rapid clip

Large deals, digital growth drives outperformance