News: Mid-tier IT firms looking to hire 500-1000 freshers in FY19

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Mid-tier IT firms looking to hire 500-1000 freshers in FY19

While net addition in the $167 Bn IT-BPM industry has increased, however the rate of job creation has dropped over the years.
Mid-tier IT firms looking to hire 500-1000 freshers in FY19

Mid-tier IT companies like Mindtree, Zensar, Hexaware amongst others are looking to hire about 500-1,000 freshers in the upcoming recruitment drive for FY19, as per an ET report.

The report states that the Indian IT industry is expected to grow at a steady 7-9% in FY19, compared to the original 10-12% NASSCOM forecasted in FY17. Though net addition has increased, however, the rate of job creation has dropped over the years. The industry body estimates that total addition to the IT workforce in FY 2018 was just slightly over 100,000.

Pankaj Khanna, Vice-President of talent acquisition at Mindtree stated, “Hiring at the fresher level is picking up quite aggressively, but not at the volumes and numbers of earlier days. Currently, hiring is back at 60-70% of the 2014-15 levels.”

The $167 Bn IT-BPM industry employs close to 400,000 people and is currently battling disruption due to the shift towards automation and new digital technologies.

Last year, Mindtree hired 1,285 campus graduates in FY18. 

Similarly, Mumbai-based Hexaware Technologies is looking at a substantial increase in campus hiring this year and has already hired 500 people. Pune-headquartered Zensar 1,000 people off-campus last year and the number will be moderately higher this year, as per CEO Sandeep Kishore.

However all the firms will be focusing on hiring people with more digital skills as on an average, all mid-size companies have about 40% of their revenue coming from digital and its growing faster than the legacy business.

 

Topics: Hiring, Campus Recruitment

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