Where Are The Jobs? At Big IT Cos - TCS, Infosys, Wipro & At Big IT Hubs

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.

The JobSpeak report said that hiring activity in August 2021 has surpassed pre-pandemic levels in August 2019, by 24%.

And, despite many challenges during the pandemic, IT sector grew by 79% in August this year compared to August 2019. 

If we lower the time frame, then the IT-Software led hiring has seen a stupendous jump of 173% year-on-year in August 2021.

Now if one looks at the geographical breakdown, the top metro cities such as Bengaluru, Hyderabad, Pune, and Chennai witnessed almost 39% growth in hiring activity in August 2021 as compared to the pr- pandemic levels of August 2019.

According to the report, all these geographical pockets are IT hubs and the boom in hiring activity corresponds to the growth of jobs in the IT sector. This hiring growth has been driven by a significant ramp-up in hiring activity by top IT firms such as TCS, Infosys, Wipro, Cognizant and others.

The top IT companies have said that they will hire more than 1 lakh freshers from campuses in 2021-2022. Now looking at the function & experience-wise breakdown, hiring activity for senior professionals with 8-12 years of experience also saw a maximum increase of 110% in August 2021.

Elsewhere, other sectors that have now exceeded pre-pandemic levels in hiring activity are real estate, telecom, medical/healthcare, pharma/biotech, insurance, and BFSI.