Technology companies are also planning for lateral hiring, considering the need for new-age technology and generic skills.
In the current financial year, 9 thousand more will be added in the two-quarters of 3000 freshers joining.
Veteran technology company HCL Tech has said that it will recruit around 12,000 freshers for FY 2022. This recruitment will be done through campus. HCL’s Chief Human Resources Officer (CHRO) VV Apparao says that this recruitment is being done due to increasing demand and many deals being in the pipeline.
Will decide on hiring in four weeks
Apparao says that right now we are estimating the cost to come in this hiring. For this we are going through a review process. A final decision may be taken in the coming four weeks. He said that this recruitment for next year will not be less than this year. We will recruit 10 to 12 thousand people for the next year. He said that in the current year, the company has already joined 3 thousand freshers. Another 9 thousand freshers will join in the next two quarters.
TCS-Infosys to hire 56,500 freshers
On the lines of HCL, technology company TCS and Infosys will also jointly hire 56,500 freshers in FY 2021. In this, TCS will hire 40 thousand freshers, while Infosys will hire 16500 freshers. However, many IT companies stopped hiring in the first quarter of the current financial year due to uncertainty arising due to coronavirus. Due to this, there was a decrease of 9 thousand hiring in IT companies in the first quarter.
Business increased in the second quarter
IT companies have reached pre-Covid levels in the second quarter of the current financial year as several deals are in the pipeline. TCS signed a deal for $ 8.6 billion in the second quarter. At the same time, Infosys has signed a deal of $ 3.15 billion. Similarly, HCL has done 20 per cent more deals in the quarter ended September than the same period a year ago. Apparao says that the company is focusing on taking more and more projects in the coming quarter.
Plans for lateral hiring
Technology companies are also planning for lateral hiring, considering the need for new-age technology and generic skills. Under this, hiring people who have basic knowledge of software development like coding and testing will be done. However, HCL Tech has not provided information about the number of lateral hiring. HCL says that this number will depend on the pipeline project being confirmed.