As vaccination drive in India continues its upward trajectory and coronavirus cases are declining, several big companies are planning to call back their employees to offices. Like other IT giants including TCS & Wipro among others, Infosys is also gearing up to bring back its employees to office desks.
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.
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