As digital transformation continues to influence India’s business landscape, IT companies lead the 2022 LinkedIn Top Companies India list with 11 out of top 25 companies from the Information Technology & Service Industry.
Tech giants Tata Consultancy Services (#1), Accenture (#2), and Cognizant (#3), each of which is consistently ramping up IT investments, thus sparking more hiring and skilling opportunities, tops LinkedIn's sixth annual ranking of the 25 best workplaces in India for career progression.
To put together this list, LinkedIn has looked at platform data across seven pillars, each revealing an important element of career progression: ability to advance, skills growth, company stability, external opportunity, company affinity, gender diversity, and educational background.
Amid this digital boom, the list also features financial organisations including EY, (#13), ICICI Bank (#14), and HDFC bank (#17) among others.
Publicis Groupe (#12), Arm (#21), and Bosch (#24), mark their debut as LinkedIn top companies for the first time in India.
With 23 out of the 25 Top Companies having offices in Bengaluru, the city has reinforced its reputation as the “Silicon Valley of India”.
“The 2022 Top Companies India list spotlights the continuing influence of tech companies on India’s labor market dynamics. The companies on the list are at the vanguard of refreshed organisational policies that foster young talent, promote retention by upskilling, and boost women representation in the workforce. By leaning on such policies, India’s top companies are creating more employment and skilling opportunities that aid career progress in today’s disruptive world of work. Professionals can lean on this year’s list to pivot their careers, bounce back after a hiatus, or invest in new skills,” says Nirajita Banerjee, India managing editor, LinkedIn.
The other companies that made it to the 2022 LinkedIn Top Companies India list include, Infosys, Capgemini, Wipro, IBM, HCL Technologies, Larsen & Toubro, Deloitte, Amazon, Reliance Industries Limited, Tech Mahindra, Hindustan Aeronautics Limited, JPMorgan Chase & Co., Oracle, Flipkart (Walmart), Dell Technologies and Aditya Birla Group
The most prominent emerging workplace themes that are being led by the top 10 companies this year include:
Demand for young talent is ripe across IT companies
As businesses become location agnostic and dependency on tech intensifies, top companies are focusing on expanding their workforce to make it more competent and diverse. Wipro (#6) plans to hire nearly 30,000 freshers in fiscal year 2023, up from 17,500 in FY22. HCL Technologies (#8) is almost doubling its fresher hiring target from around 22,000 in FY22 to 40,000-45,000 in FY23 to meet the demand-supply gap for tech talent. As other companies focus on tapping young talent, IBM (#7) plans to expand to and hire from non-metro cities to cast a wide talent net.
Embracing representation to bring more women in tech
Top companies in the IT sector are taking strides towards inclusivity and representation by revising their organisational policies. Accenture (#2) has moved closer to its goal of 50:50 representation with women now comprising 45% of the company’s workforce, after switching to gender-neutral policies in India last year. Wipro (#6) has also taken actionable steps towards inclusion by introducing a return to work programme to help women relaunch their careers after a break. The total employee strength at TCS (#1) is more than 5 lakh; more than 2 lakh of whom are working women.
Retention becomes key as talent takes the driver’s seat
As India’s labour market continues to tighten, more organisations are now making it a top strategic imperative to hire, develop, and retain the right talent. Ranked #4, Infosys is aiming to attract the best talent in India by extending tailored L&D opportunities, having onboarded over 1.2 million users on its digital reskilling platform. Cognizant, holding rank #3, is offering promotions and higher bonuses, and investing in employee training to encourage long term talent growth and retention. Further, this year’s top company TCS (#1) was able to successfully mitigate the aftermath of the Great Reshuffle by offering promotions and growth opportunities to its employees, which helped the IT giant to maintain higher retention rates among India’s IT majors.