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.
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.
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.
Exciting news for the fresh graduates as many Indian and multinational companies across sectors have shown interest in stepping up hiring of freshers like never before.
If one looks at the ongoing hiring activity in the Indian IT sector, it is easy to spot the bustling activity. Almost after a year-long freezing in hiring activity, the IT sector is witnessing a continuous growth in job demand.
From health to jobs, Covid-19 pandemic has impacted every aspect of life! Last year when the pandemic struck India, many sectors including the IT sector suffered huge losses, which led to massive layoffs, pay cuts and hiring freezes.
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.
After 18 months, though there are many tech companies that have decided to continue remote work, some IT firms are reportedly planning to bring employees back to the office. As per reports, IT firms are taking this decision as Covid-19 cases are steadily declining and most employees are vaccinated. Leading IT firms such as TCS, Wipro and Apple are reportedly asking their employees to follow the hybrid style of working, where one is expected to work for 2-3 days from office and the next 2-3 days from home.
After a long gap of 18 months, one of the leading IT firms, Wipro is all set to call back its employees to the offices! With this, the third-largest tech company in India, reportedly became the first IT firm to publicly announce the return of some of its senior employees to office. Taking to Twitter, Wipro Chairman, Rishad Premji informed that the company's leadership would resume work from office, twice a week, starting from Monday (September 13).