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.
After over a year-long slump in hiring activities, engineering colleges in India are witnessing almost 100% rise in demand for freshers.
High attrition and rapid pace of digital transformation are the major reasons for this huge demand for fresh talent.
Referring to a financial portal, a national media (Timesnow) reported that several companies such as Tata Consultancy Services (TCS), Tata Steel, Infosys, Goldman Sachs, PwC, Byju’s are among many big companies which have ramped up their recruitment of freshers through on and off-campus routes.
Reports also suggested that IT firms such as Cognizant, HCL Technologies, Wipro have also started hiring for this fiscal. The top four IT giants such as TCS, Infosys, HCL Technologies and Wipro said that they will collectively hire over 120,000 fresh graduates across the country in the financial year 2021-22.
IT firm Cognizant is reportedly planning to welcome around 30,000 new graduates this year and it is planning to hire an additional 45,000 freshers in India by 2022. PwC reportedly will double its hiring this year while financial giant Goldman Sachs will hire 600 engineers.
Companies are also looking out for candidates who are quick to learn new-age skills where there is a dearth of talent to grow the businesses.
Speaking to the financial portal, senior vice-president, HR, at Cognizant India, Shantanu Jha said that the company is looking for new graduates with advanced programming skills who can be prepared for full stack engineers, data scientist, and cyber security specialists.
Meanwhile, a Tata Steel spokesperson said that some of the new tech recruits will be assigned roles in analytics and insights, artificial intelligence, and machine learning, etc.