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Information technology is one of the leading fields in India today. The past year has seen tremendous revenues even during the Corona crisis. They did a lot of hiring. Companies continue to announce that this hiring will continue into the current year.
The need for the IT sector may have increased significantly, especially after the arrival of Corona.
Companies that are becoming digitally enchanted
As many companies have already begun to digitalize their businesses, employees have begun to make all the necessary arrangements to work from home. After the arrival of Corona, the Flexi culture that employees can work anywhere in the IT and IT-related fields is also spreading widely.
The need for staff
Thus digital requirements have increased. Demand for this specialty has grown significantly as a result of recent corporate scandals, including cybersecurity, cloud computing, artificial intelligence, and data scientists. The ever-increasing need for skilled employees, especially in the IT sector, is ever-increasing. So employees can develop their digital skills to move themselves to the next level.
Training and working
Over the last 2 quarters, there has been a flurry of news in the IT sector about large-scale recruitment, pay raises, promotions, and bonuses. In this situation, IT companies are currently in high demand and are recruiting new people and giving them the right training.
Why freshers
Companies that are making many new deals, in particular, are engaging in such activities to maximize profits. Thus freshers are selected because they have to pay higher salaries when selecting those with many years of experience.
Lateral Recruitment Vs Freshers
Every IT and BPM service company is in a similar position. Freshers in particular are being hired in order to maximize their profits. Freshers are an ideal option for companies in the IT sector. Give them adequate training and hire. This is seen by companies as less costly than lateral hiring.
TCS hiring
The top 4 IT companies are planning to hire 1 lakh 20 thousand people in the current financial year. TCS, the country’s largest IT company, plans to hire 40,000 freshers in the current financial year. It is one of the largest employees in India. The total number of employees exceeded one lakh in the last June quarter.
Infosys’ plan
The same Infosys plans to hire 35,000 freshers in the current financial year. It is noteworthy that in the previous quarter it was said to be 26,000. It plans to increase hiring as demand increases.
Wipro’s plan
Wipro, another large IT company in the country, said it plans to hire 6,000 freshers in the September quarter. Offer letters can be issued to 30,000 people in the current financial year. They are expected to join the company in fiscal 2024.
Reduce cost & increase revenue
It is noteworthy that an unprecedented 12,000 employees were added last June. Wipro also said that hiring freshers would reduce company costs rather than lateral hiring, thus leading to increased profits.
HCL Tech’s HCL Tech also plans to hire 22,000 people in the current fiscal year. This is 50% more than last fiscal year and plans to employ 6,000 freshers in the second quarter of the current year alone.
