TCS, Infosys, Wipro, HCL Shortlisting 5 Candidates For 1 Position?

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.

With demand so high, job-seekers are apparently negotiating simultaneously with three to four companies on average, for better offers.

So to tackle this situation and ensure availability of required manpower to serve client demands, IT recruiters are trying desperately to get their hands on talent. As per reports, IT companies are shortlisting at least five candidates to fill up a single vacant position.

Referring a business daily, a national media (Times now) reported that IT companies and recruiters are now keeping a shortlist of at least five candidates for one job role while hiring.

The report cited the CEO of a hiring consultancy firm saying that tech hiring has become a headache for clients and consultants. Top official were quoted saying that they are looking at having five to six back-up candidates for each vacant post, but still, there is no certainty in success.

The attrition rate in India's top IT companies touched almost 21% in the September quarter. During the September quarter, IT major Wipro reported attrition of 20.5%, followed by Infosys at 20.1% and TCS at 11.9%.

The major point here is that attrition remains elevated despite massive salary hikes, promotions, quarterly bonuses, employee-engagement initiatives like reskilling and upskilling.