High attrition has been a major concern for the IT sector in India and even the biggies like TCS, Infosys, Wipro, etc are grappling with it. Amidst the increasing demand for IT services, many tech companies in India witnessed a sudden rise in attrition rates during the first quarter of 2022.
With the effect of the second wave of the pandemic slowly waning and vaccination picking up, several IT companies are slowly calling employees back to their offices.
Now, as over 70% of TCS staff are fully vaccinated and more than 95% have got at least one shot, India's biggest IT service provider Tata Consultancy Services (TCS), is also planning to return to the office in a big way.
Led by strong demand coupled with rising attrition rates, India’s largest private employer added 43,000 employees in the first half of 2021-22. This information was shared by the company during its second quarter earnings announcement.
Year-on-year, most sectors showcased significant annual growth, led by IT (138 per cent) and hospitality (+82 per cent).
After almost a year and a half into the Coronavirus pandemic, the job scenario in India is all set to rebound again. Hiring activity in many sectors of India Inc is expected to witness a strong rebound in the third quarter (October-December) of FY22.
In good news for employees, accounting and consulting firm PwC has introduced a new policy to allow its employees to work from home for a lifetime. Recently, in a statement, the consulting firm announced that it will allow its 40,000 US client services employees to work virtually.
As Coronavirus cases are declining and with vaccination picking up, the world is expecting to return to normalcy again. When the pandemic started in March 2020, the entire corporate world was forced to adopt Work from Home (WFH) policy to tackle the outbreak. But, it also can't be denied that they have been quite successful in doing so.
According to a survey conducted by Deloitte titled, "Deloitte’s Workforce and Increment Trends survey 2021", around 92 percent companies gave an average increment of eight per cent in 2021 as compared to 4.4 per cent in 2020.
Good news for job aspirants who are looking for jobs in the IT sector in India. Global technology giant Accenture apparently has job vacancies for at least 30,000 post across the country.
It can't be denied that the Novel Coronavirus pandemic has affected all aspects of life including livelihood. Last year, when India entered into a total Covid induced lockdown, many companies suffered huge losses, lead to massive layoffs and pay cuts.
After over a year of slump, hiring activity is finally recovering in India. According to Naukri JobSpeak report for the month of August, job market in India witnessed a strong recovery with 89% annual growth in August 2021.
In a bid to tackle the spread of the Coronavirus among employees, companies sent their employees home. In a few days, companies have had to adopt a pure work from home or in some cases they chose a hybrid model.
Recently a survey revealed that on the back of economic recovery and improved confidence, companies will give out at least 8.6 per cent increments to the employees in 2022.
It can't be denied that the COVID-19 pandemic has had a huge impact on people's lives, work, jobs, and almost every aspect of life. After the sudden outbreak of the Covid pandemic last year, hundreds of companies were forced to adopt remote work or the work from home policy to continue businesses.
Even as a possible third wave of pandemic scares the economy, experts believe that experts suggest that India Inc is slowly shedding off its wait and watch mode.
Despite the challenges during the COVID-19 pandemic, IT jobs market is witnessing a strong hiring boom. Demand for tech professionals is rising across IT firms, non-technical or consulting businesses wherein companies are bolstering their workforce with skilled engineers. According to a report by a financial news portal, lucrative opportunities are plenty for certain profiles. Full stack engineers, data engineers, frontend engineers, developer operations, data scientists and backend engineers are in high demand and are commanding higher salaries.
IT major TCS is stepping up efforts to provide job opportunities to women who have seen a hiatus in their career and are looking for a restart. The tech giant has launched an initiative called REBEGIN, a major recruitment drive for women.
One of the leaders in the IT industry, Cognizant Technology Solutions has initiated its Ninja Hiring process, a major recruitment campaign to fill up over 1 lakh vacancies. As per the official announcement, the company would be hiring 1 lakh laterals and 30,000 fresh graduates in India this year.
When a lethal coronavirus pandemic hit India last year, hundreds of companies were forced to shut their offices overnight and adapt to new ways of working. And soon, work from home culture became a new normal in the country.
According to the LinkedIn India - Labour Market Update (July 2021), India's job market is witnessing a steady recovery on the hiring activity.
India's biggest IT firm and one of the largest employers, Tata Consultancy Services (TCS), is set to become 1 million-employee-strong.
Exciting news for the fresh graduate engineers as top tech companies are stepping up hiring of freshers like never before.
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.
Professional services firm PwC is aiming to create over 10,000 additional jobs over the next five years. As a part of its new business strategy, the firm plans to invest Rs 1,600 crore to expand its India operations.