Infosys, TCS, and Wipro have collectively added 40,887 to their workforce in the Q1 of the fiscal year 2021. TCS hired 20,000+ people, while Infosys and Wipro hired 8,000 and 12,000 people respectively. Infosys’ voluntary attrition increased to 13.9% from 10.9% in the previous quarter so they hired to fill attrition and meet the new demand. TCS has announced its plans to hire 40,000 freshers while Infosys is committed to hiring 35,000 and Wipro will hire 12,000.
Infosys, to meet the growing demand for talent, will hire 35,000 fresh graduates globally in the FY22. With the quarter ending on June 30, Infosys added another 8,304 employees, taking the total number to 2,67,953. TCS also announced it would hire almost 40,000 college graduates in India, apart from the US and Latin America. The previous quarter had Infosys report a 13.9% attrition compared to 10.9% of the quarter before that.
Hiring has hit recovery mode after the Covid-19 second wave, according to the Naukri JobSpeak report. Jobs in IT are up by 52% from pre-Covid levels of June 2019 and 5% sequentially, which is an all-time high for the sector. YoY, hiring in the IT-software sector grew 163% in June. This comes after hiring activity went into a nosedive of 15% in April. Covid-hit-sectors like retail, hospitality and travel also showed growth during the month.
Ugam is looking to expand its 3,000 person workforce by hiring new analytics and technology professionals. The company, to meet growing demands, has hired over 1,200 employees in the last seven months. The hire includes analysts, DevOps, software engineers, technical architects, and technical leads. Ugam claims to have maintained its growth momentum since 2000 at a CAGR of 40%. Company in 2019, merged with Merkle.
UST, a digital transformation solutions provider, wants to double its staff in Hyderabad and hire 1000 more workers by end of the year 2023. With a team of 250 staff members, UST’s Hyderabad centre debuted in the year 2018. UST has onboarded 500 employees using the virtual onboarding process since the pandemic-induced lockdown in 2020, with all workers working remotely, according to Harilal Neelakantan, Center head for UST, Hyderabad.
TCS has been getting a talented work pool from its annual global coding contest, CodeVita. Despite having campus hiring, TCSs continue to rely on CodeVita to hire specialist coders in domains of research, innovation, and security. TCS has made 11,112 job proposals since 2014 to Codevita contestants. In April CodeVita made it to the Guinness book of world records for the “Largest computer programming competition” which saw 1.36 lakh contestants from 34 countries.
Swiss financial firm Credit Suisse will hire 1,000 techies in India as it plans to establish a technology hub in the country. Most professional engineers and developers are expected to be skilled in cybersecurity, data analytics, cloud computing, API, ML, and AI. One of four tech professionals of Credit Suisse is based out in India, largest globally. The Swiss firm has hired 2000+ IT employees in the last three years.
HCL technologies have increased their investment in the UK to strengthen the Indo-UK bond. The Noida, India headquartered company plans to hire 1,000 fresh techies for the role of digital transformation, cloud, AI, and cybersecurity. HCL has also welcomed UK’s aid to India amidst the Covid-19 crisis. The tech firm has over 3500 employees in the UK who support over 50 clients in the country. It is among the top employer in the UK for the 15th time in a row.
Hiring declined by 15% in April, as Naukri Jobspeak Index fell to 2,072 from 2,436 a month earlier, amid a rising second wave of the pandemic. The numbers are still better than April 2020 that saw a 51% drop. This can be due to the lack of a strict nationwide lockdown and the economy remaining open. Insurance (-5%), pharma (-9%), healthcare (-10%) has had a less impact on hiring. While IT (-12%), FMCG (-15%), telecom (-15%) declined in line with the overall trend.