IT major Wipro recently shared the details about its future model of working and said it plans to embrace a hybrid work culture for its employees.
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.
The positive trend in IT sector hiring is expected to continue in 2022 as IT major Wipro has revealed that it is eyeing to hire a record number of people next year.
As the demand for IT services and tech professionals remain strong, many companies are witnessing a manpower squeeze to cater to the client requirements. Even elevated attrition levels are acting as a double whammy. Big IT firms such as TCS, Infosys, Wipro and others have doubled up their hiring activities.
As India reopens and the COVID-19 pandemic is visibly on a declining trend, many companies are planning to end work from home. Offices are gearing up to call their employees back to the desks.
After almost two years of remote work, India's most valuable IT company, Tata Consultancy Services (TCS) reopened its doors to welcome its employees to office campuses again. According to a report by a national media (News 18), the IT giant has decided to end the work from home and requested its employees to come back to their base location by November 15 (Monday).
The IT sector in India is witnessing a yawning demand-supply mismatch in manpower. While the demand for tech professionals and software engineers is increasing, so is the attrition rate.
As demand for digital services explodes, there is a huge demand for IT professionals. This in turn is leaving techies with a lot of options to explore leading to resignations and higher attrition.
The work from home (WFH) concept had taken the front seat in the corporate sector after the Covid-19 pandemic forced companies to send employees home last year. Now, with new infections subsiding and vaccinations rising, companies want to get employees back to office complex again.
The IT sector is facing unprecedented talent crunch as the attrition rate has become one of the biggest concerns for companies.
Recently, a survey conducted by the IT industry apex body, NASSCOM stated that both employees and employers are equally interested in making a comeback to the workplace.
India's red-hot job market seems to have found its mojo back like the pre-pandemic period. Not only IT companies like TCS, Infosys, Wipro, HCL Technologies, but others have stepped up hiring never like this before. As per the latest Naukri JobSpeak survey, overall hiring activity in India has once again surpassed pre-pandemic levels in October.
It's already been over a year now, when most of the corporate sector shifted to a work from home (WFH) plan following the pandemic outbreak. But now, companies want to get employees back to the office desks again.
India’s top IT firms such as Tata Consultancy Services (TCS), Infosys, Wipro, and HCL Technologies have doubled their hiring targets on the back of the improving pandemic situation and spike in attrition.
After almost one and a half years of remote work, several IT companies including Tata Consultancy Services (TCS), Infosys, Wipro, and others are gearing up to call back employees to the offices. But, the second most-valuable internet company, Paytm said that it will not force people to come to the office.
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.
Now, after spending over one and half years working remotely, many companies including big IT firms such as Tata Consultancy Services or TCS, Infosys, Wipro, and others are planning return to the old normal.
After almost one and a half years of remote work, the corporate sector is slowly gearing up to return to the offices. The top Indian IT companies such as Tata Consultancy Services (TCS), Infosys, and Wipro are also following the same path as vaccination is picking pace and Covid cases continue to decline in the country.
IT companies in India are now turning back the clock on their work from home strategy as the pandemic situation is improving and more people are getting vaccinated.
Exciting news for job aspirants who are looking for opportunities in the Indian IT sector. The top four Indian IT firms - Tata Consultancy Services (TCS), Infosys, Wipro, and HCL Tech - are reportedly planning to hire over 1.5 lakh freshers by 2022.
As the demand for digital talent in the IT sector explodes, a huge number of employees are finding easy to switch jobs. Attrition has been a problem for the IT sector and the current trends are concerning.
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.
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.