Indian IT Firms Hiring | Increase From October
IT Sector Hiring: IT sector is the top job creator in the country. With the COVID-19 pandemic lockdowns, the first half of 2020 didn’t witness much growth in the hiring process. However, this is likely to change within (Oct-Dec), which is a seasonally weak quarter for IT companies. Indian IT Firms Hiring will Increase From October
COVID-19
Under normal circumstances, from April to September is the peak for hiring, after which it slows down, says Sanju Ballurkar, president at Experis, IT recruitment arm of Manpower group India. Sanju Ballurkar said, “But this year, we expect to hire late as many projects got deferred.
For 30 June, the net addition of employees at the top IT companies was the lowest. This can be the lateral hiring and new joining is being pushed to the later part of the year.
The headcount of the top IT company, Tata Consultancy Services (TCS) dropped by 4,788 employees. Infosys Ltd and Wipro Ltd witnessed a reduction by 3,138 and 1,082.
The US temporary visa ban with the tough immigration rules is also expected to increase the hiring in Global In-house Centres (GICs) as more off-shoring happens. The GIC is a key segment in India’s IT-BPM sector.
According to the latest report, the demand for IT professionals grew 21% in the month of June versus May. This can be cited as easing the lockdown restriction after 3 months. The job listings in June witnessed a 48% growth.
However, the overall hiring in the IT industry is still low 42% on a year-on-year (Y-o-Y) basis. For fresh graduates worrying about their future and other IT employees. It seems as if the Indian IT sector will be the first to recover in the post-pandemic world.
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