A Nasscom report indicates that digital core talent has grown faster than IT core talent, as companies undertook skilling initiatives to reorient the workforce.
"Attrition will need at least four quarters to come down to 20%. But the overall number of people leaving the company will come down significantly," said Milind Lakkad, Chief HR Officer of TCS.
Texas-based IT firm Accolite Digital plans to raise headcount by over three-fold in India to around 8,500 in the next three years, a top company official said.
TCS which had shared in Q4 of FY22 the hiring target of 40,000 for FY23, said the target remains
The demand is for skills that can address new technology demands such as AI/ML, data analytics, cloud etc, which may not be easily available in these cities
TCS' Edison Business Center, one of 30 TCS facilities in the US, serves more than 100 customers in New Jersey.
The company ended the year with a total headcount of 330,600, up 14 per cent year-on-year.
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While the bulk of Infosys's recruitment remains in India -- with 15,000 grads enlisted over the past 12 months -- Infosys is laying the foundation for more hiring abroad at a rapid clip
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Growth to be led by demand for contractual staff, advanced technology skills
Selection process done seamlessly using e-resources such as registrations, student orientations & training, company presentations, pre-processes like tests, group discussions and interviews
The technology industry is one of the largest recruiters for fresh graduates in the country.
The report further noted that Indian IT companies intend to hire mostly freshers, up to five years experience
Analysts say that the challenging phase for the IT sector might now be over; companies could grow on a quarter-on-quarter basis
Atlassian plans to hire 200 more engineers for its Bengaluru R&D centre, first outside of Australia and the US
While there has been an improvement in the overall demand environment, the other reason expected to trigger this growth is the absence of a bench strength in most companies
The top four Indian IT firms added 13,972 employees on a net basis added 13,972 employees on a net basis
The Japanese government is also planning to issue Green Cards for highly skilled professionals