For the first quarter ended 30 June, the net addition of employees at the top IT companies was the lowest in several years as most of the lateral hiring and new joining were deferred to later quarters
BENGALURU : Hiring of IT professionals this year is expected to gain momentum only by the third quarter (Oct-Dec), which is a seasonally weak quarter for IT companies, as recruitments are being deferred to the latter part of the year owing to the covid-19 pandemic.
“Typically, the peak of hiring is during the first two quarters (April-September) and the third quarter is seasonally slow. But this year, we expect hiring to pick up in Q3 as many of the projects got deferred and we can also expect a tapering of the pandemic from there on after peaking in August,” said Sanju Ballurkar, president at Experis, the IT recruitment arm of Manpower group India.
The demand in the next few months will be driven by captives in the healthcare and telecom sectors as they have been witnessing increased momentum throughout the pandemic, said Ballurkar. “The IT services companies will continue to account for the mass hiring though.”
For the first quarter ended 30 June, the net addition of employees at the top IT companies was the lowest in several years as most of the lateral hiring and new joining were deferred to later quarters. While at Tata Consultancy Services (TCS) Ltd, the headcount declined by 4,788 employees, at Infosys Ltd and Wipro Ltd, the headcount dropped by 3,138 and 1,082 respectively on a sequential basis.
Source: livemint
