While other sectors are struggling to survive and resorting to downsizing, India’s information technology (IT) companies, Tata Consultancy Services (TCS), Infosys and Wipro have together provided jobs to more than 28000 job seekers. As a result, hiring in the IT sector increased 59 per cent in the September quarter, which is even better than the first quarter. Attrition rate in these companies has reportedly dipped too.
In the June quarter, Indian IT companies were showing very encouraging numbers in terms of hiring. In fact, there was a 50 per cent increase in hiring. TCS, Infosys and Wipro had collectively recruited over 16,000 people in the first quarter. But the second quarter posts even better figures, with TCS alone hiring over 14,000. This was its highest figure in a quarter, with its previous record being 12,356 new hires in the first quarter. The Company has been focussing on expanding in a bid to be ready for growth. Already more than 3,22,000 employees have been trained in emerging technologies and over 3,91,000 have been given training in agile techniques.
Infosys also added about 14,000 people in Q2. While it took on approx. 6,000 trainees in India, about 700-800 new entrants joined outside India.
It is reported that Wipro hired more than 6,600 people in Q2.
Clearly, the IT sector expects demand to hike in the near future, which is why the IT firms are continuing to hire talent. The companies have been able to bag great projects and deals in the last couple of quarters.