IT Companies Most Eager To Hire In October-December Quarter

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.

Meanwhile, after a year beset by the COVID pandemic, India Inc. got a small relief as its hiring target for the October-December quarter has reached the highest in the last 18 months, showed TeamLease Employment Outlook Report. According to a financial media (cnbc), the survey covered 650 companies across 21 sectors across the country.

The survey report showed that 41% of the surveyed companies intend to hire in this (October-December) quarter, as compared to 38% in the July-September quarter. As per reports, last year, India Inc’s intent to hire had plunged to 18% in the April-June and July- September quarters of the financial year 2021.

Speaking on the same, Executive Vice President of TeamLease Services, Rituparna Chakraborty said that there is an overarching high sense of positivity in the Indian white- and blue-collar job market. The report also said that the IT sector in India scores the highest at 69% in terms of intent to hire.

And, if one looks at the geographical breakdown, the intent to hire is strongest in Bangalore at 67%, followed by Delhi (59%), Hyderabad (53%). Already major IT companies in India like TCS, Infosys, Wipro and others have significantly increased their hiring activity which is leading a strong rebound in employment overall and in the sector as well.

However, many sectors are hiring on a large scale as more people get vaccinated, companies are taking tentative steps to bring employees back to offices, etc.