The trend in employee attrition has become a major concern among the IT service providers in India. As demand for tech professionals explodes, a record number of employees are either switching organisations or are planning to.
Top IT firms in India like TCS, Infosys, Wipro, and others have also ramped up their hiring projections to get control over attrition rates. Besides, Noida-based IT services firm HCL Technologies will hire 10,000-12,000 fresh graduates in the next two quarters.
At the time when the participation of women in the Indian workforce has gone down to almost 16%, big IT firms such as Tata Consultancy Services (TCS), Infosys, Wipro and HCL Technologies are apparently planning to hire over 60,000 women techies from the campuses this year.
As the demand for technology professionals explodes, many Indian IT companies are witnessing a surge in attrition rates. And, to deal with this, companies have started hiring freshers in record numbers.
After almost a year of slump, the IT jobs market in India is witnessing a strong hiring boom! According to media reports, quoting research firm Jefferies, hiring activity has picked up pace in the IT sector in India. Notwithstanding the pressures and disruptions during the pandemic, the sector is seeing robust activity.
With an aim to improve gender diversity, top IT companies such as Tata Consultancy Services (TCS), HCL Technologies, Wipro, and Infosys may hire around 60,000 women candidates through campus placements this year.
It seems big IT companies are planning for drastic job cuts as soon as 2022. News agency PTI said quoting a report that domestic software firms may cut as many as 30 lakh or 3 million jobs by 2022. TCS, Infosys, Wipro, HCL, Tech Mahindra and Cognizant and others appear to be planning for a 3 million reduction in low-skilled roles by 2022, the report said.
Mumbai: IT major HCL Technologies on Thursday reported a 10.32 per cent rise in its standalone net profit (profit for the period) for the fourth quarter of 2018-19, at Rs 2,031 crore against Rs 1,841 crore in the corresponding period of the previous fiscal. For the fiscal, the standalone net profit rose by 11.17 per […]
New Delhi: At a time when the US move to limit H1-B visas has left major tech companies perturbed as it will seriously affect their ability to get and retain talented staff, Indian company HCL has secured 5,085 foreign labour certification for the H-1B work visas. HCL America had 2.9 per cent share of all […]
New Delhi: Global software major HCL Technologies Ltd, which posted double-digit net profit and revenue growth for the fourth quarter (Q4) and fiscal 2016-17, on Thursday projected flat revenue growth for fiscal 2017-18 in dollar terms. “Revenue for fiscal 2017-18 (FY 2018) is expected to grow 9.9-11.9 per cent year-on-year (YoY) as compared to 11.9 […]