Better bench strength: IT hirings seen at pre-Covid levels in FY24

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

After a year of supply-side constraints due to high demand for work after the pandemic, it looks like 2023-24 (FY24) will see a ‘normalised pattern’ of hiring.
 

So far, the top three information technology (IT) majors have announced their third quarter (Q3) numbers for 2022-23 (FY23).

Dip in attrition rates and higher bench strength seem to be signalling a normal year for hiring in FY24.
 

Tata Consultancy Services (TCS) said that for FY24, the range for total hiring would be between 125,000 and 150,000.
 

TCS in 2021-22 (FY22) had given offers to over 110,000 campus hopefuls. For FY23, it has so