Growth to be led by demand for contractual staff, advanced technology skills
Selection process done seamlessly using e-resources such as registrations, student orientations & training, company presentations, pre-processes like tests, group discussions and interviews
The technology industry is one of the largest recruiters for fresh graduates in the country.
The report further noted that Indian IT companies intend to hire mostly freshers, up to five years experience
Analysts say that the challenging phase for the IT sector might now be over; companies could grow on a quarter-on-quarter basis
Atlassian plans to hire 200 more engineers for its Bengaluru R&D centre, first outside of Australia and the US
While there has been an improvement in the overall demand environment, the other reason expected to trigger this growth is the absence of a bench strength in most companies
The top four Indian IT firms added 13,972 employees on a net basis added 13,972 employees on a net basis
The Japanese government is also planning to issue Green Cards for highly skilled professionals
While senior staffs are likely to lose out on jobs, hiring will take place mostly at junior, mid levels
Global firms such as Microsoft, LinkedIn, Oracle, Facebook and Google are increasing their workforce in India in emerging areas such as digital, cloud and analytics, triggering a talent war with Indian services providers. These firms are also looking at engineers in India to work on technologies similar to their global counterparts as they struggle to find people to scale in their home markets. The move for these firms, majority US-based companies comes at a time when there is growing protectionism for talent in markets such as the US and Australia, in favour of local hires. This has pushed Indian IT service providers such as Infosys, TCS and Wipro to commit hiring local resources in the US to get more contracts from American clients. "Almost all the American companies are ramping up their presence in India. Facebook, LinkedIN and other companies are increasing headcount here in India. Some of them doubled the number in last four months and have the best talent working here at par ..
So far firms have been dependent on sending engineers from back home to these markets
Hiring intentions have declined by 15 percentage points from the previous quarter