IT giants TCS and Infosys together hired about 42,000 additional tech-professionals in FY 18-19, according to a TeamLease Services report.
Bengaluru-based Infosys hired about 24,016 software professionals while the Mumbai-headquartered TCS hired about 29,287 employees in the last fiscal year. Thus, in total, the two Indian IT companies added 53,303 employees in FY18-19 while they had added only 11,500 employees in FY17-18.
TCS hired about 7,775 employees in FY18 and Infosys added 3,743 to their teams. These hiring numbers point towards an upward trend in the $167 Bn Indian software and IT services sector. Going ahead in 2019, IT firms are expected to hire more talent with data science and analytical skills. Moreover, solution architects, product managers and digital marketing professionals are going to be in higher demand in the upcoming year. Cyber security, Machine Learning, AI and blockchain experts are also going to be the ones who are sought after by such IT organizations.
About 2.5 lakh new jobs are expected to be added in the Indian IT industry this year, according to the report.
In order to equip the new generation of IT professionals and get them ready to fulfill the new skill demands, the need of the hour is to reskill existing employees. It is precisely why investments in reskilling, learning and development initiatives are expected to rise by 20 percent in 2019.