Hyderabad : Hiring in the information technology sector in India is intact, senior industry figures said, discounting reports of reduced employment opportunities in the second half of the current fiscal for IT professionals. They said with IT companies continuing to grow, there is nothing abnormal on the recruitment front and added survey reports talking about hiring intentions slackening in the October 2017-March 2018 period don’t reflect ground reality.
According to a survey released earlier this week, Indian IT professionals are likely to see reduced job opportunities in the next six months as traditional roles are increasingly getting disrupted in the wake of automation and digitisation. The Experis IT Employment Outlook Survey by Experis IT – ManpowerGroup India, said IT hiring intentions will further slacken for the October 2017–March 2018 period. The IT industry is looking at adjusting the talent pool, considering major hiring in junior and mid-levels while contemplating layoffs in the senior slab, the survey of 500 Indian IT employers across India said.
“The collective number of layoffs that the IT giants are contemplating is way higher than what the Indian IT industry has ever witnessed and this trend is likely to continue for the next 6-12 months,” the survey stated. Former HR Head and ex-CFO at Bengaluru-headquartered
Infosys Ltd T V Mohandas Pai said similar reports came out in April, saying two lakh jobs would be lost this year. “Half the year is over, and we have not seen one lakh jobs go, and at the top five companies, which employed (a total of) ten lakh people, there is only 1 per cent reduction because they have not hired new people in the first half,” he told PTI. “All of them (IT companies) are working at high utilisations. They have to hire more people,”Pai said.
Positive outlook
- IT companies continue to grow and there is nothing abnormal on the recruitment front, industry experts said
- Earlier, reports suggested that there would be large scale layoffs in IT industry with reduced hiring this financial year
- In the second half of this fiscal, 125,000 fresh hires are likely to join IT industry
