Tata Consultancy Services (TCS), Infosys, HCL Technologies and Wipro together plan to offer jobs to about 91,000 freshers from campuses in the next financial year. This is a sign that things are picking up in the employment front after the disaster that was the year 2020.
About 40,000 freshers will be hired by TCS, which had hired a similar number this financial year too. Infosys intends to hire 24,000 as compared to the 15,000 it hired this financial year.
HCL Technologies has plans to hire about 15,000 freshers in India, and about 1,500 to 2,000 onsite in the next financial year. The Company expects to witness acceleration in the third and fourth quarter. It is confident that customers will be forced to reach out to access quality talent. With changes in visa rules and compensation slabs and countries endeavouring to hire locals, a dearth of quality talent has come into existence. This can only be fulfilled by going where the skills exist. For HCL, 30 per cent of hiring increased in India last year, whereas 30 per cent at locations outside India.
Experts have hinted that with organisations focussing on digitisation more than ever and investing on the same, hiring for specialised talent is bound to rise, and hiring from campuses is the best option.
Things certainly seem to be brightening. Not only have TCS, Infosys and Wipro bagged huge projects, they have also witnessed lower attrition. In December 2020, it appears that professionals preferred to stay put in their jobs amidst the uncertainty brought on by the ongoing pandemic. As a result, TCS witnessed the lowest attrition rate ever, whereas HCL and Wipro witnessed the lowest attrition in three years.