IT Hiring

Real-world problem-solving events are replacing conventional placements, giving IT firms a stage to recruit engineers for their practical skills

Employee growth data shows Accenture ramping up hiring since 2024 while IBM lags behind after sharp headcount cut in late 2023

Traditionally, IT services firms followed a pyramid structure, with a broad base of fresh graduates supporting scalability and a large bench strength ready for deployment

Wipro's recruitment efforts will focus on the lowest tier of its three-band hiring structure, with starting salaries of Rs 3.5 lakh per year for freshers from non-IIT and non-NIT engineering colleges

With IT companies gradually coming out of the slump and actively ramping up their hiring efforts, a report on Thursday said that recruitment is set to surge with an estimated 8.5 per cent increase in job roles within the industry by next year. The demand for skilled IT talent is growing after a slow period late last year and early this year. Hiring is set to surge, with an estimated 8.5 per cent increase in job roles within the industry by next year, according to a report by Indeed, a global job matching and hiring platform and a subsidiary of Recruit Holdings. This data from Indeed has been compiled from Indeed Hiring Tracker and Indeeds platform data. Indeed Hiring Tracker is a quarterly report that explores the employment landscape and job market. The report further revealed that almost 70 per cent of all tech jobs currently on the Indeed platform are for software roles. The dominance of software roles on Indeed is driven by the rapid adoption of technologies by companies like A

Cognizant and Capgemini collectively employ around 400,000 people in India

Engineering institutes are feeling the impact of macro uncertainty and past over-hiring, as evidenced by the decrease in campus placements

Headquartered in San Francisco, Rippling combines all of the workforce systems normally scattered across a company, like payroll, expenses, benefits, and computers

Hiring of freshers is likely to decline in the current fiscal as major IT companies look to freeze intake of freshers, according to a report. In its hiring outlook for fresh IT/engineering graduates in the fiscal year 2023-24, TeamLease Digital said that 1.55 lakh freshers are likely to be hired in the IT/Tech sector this fiscal compared to 2.3 lakh freshers in the previous financial year. With approximately 1.5 million engineering graduates actively seeking IT/Tech roles, muted market sentiments and intensified skills evaluation mechanisms have created a turbulent landscape, it added. The report is based on secondary sources, including news reports and company reports, it said. As major IT companies freeze fresher intake, alternate sectors are opening up demand. Other segments, including Global Capability Centers (GCCs) and non-tech sectors like banking, financial services and insurance (BFSI), communication, media and technology, retail and consumer business, life sciences and .

Even as recruitment in the IT sector remained muted, demand for talent with functional skills like ERP, automotive design, testing and administration continued to surge in the second quarter of this financial year, a report said on Tuesday. Hiring remained muted in the IT sector, as organisations have adopted a wait-and-watch approach in light of geopolitical tensions, putting a hold on discretionary spending, said 'Skills Report' by business solutions provider Quess Corp. However, with the IT sector the demand for talent with functional skills such as development, ERP (enterprise resource planning), automotive design, testing and administration among others continued to surge during the second quarter of FY24, it added. "For the first time in recent history, large IT services companies have shown a decline in headcount and reduced guidance values, signalling a collective exercise of caution in navigating the future. We believe this uncertainty will continue for a quarter or two ...

The workforce in the top 10 Indian IT companies fell to 2.06 million at the end of the July-September quarter, a fall of 51,744 people

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Still, job cuts in the tech industry appeared to slow in June and July and are on track to be even lower this month, according to an analysis by research firm Jefferies

Brokerages expect TCS deal wins to be strong in a broad range of $7-10 billion in Q4, while hiring is likely to be muted

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Activity in IT sector is expected to slow

Productivity improves in terms of revenue per employee

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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