Bengaluru: Software majors TCS, Infosys and Wipro are hiring in big numbers again, an indicator of demand and recovery after the Covid-19 shock led to a decline in the previous quarter.
All three companies reported a sequential increase in their overall headcount for the July-September period. Headcount addition has traditionally been a strong indicator of growth for IT companies, though it has been coming down in the last few years due to automation.
“On the people front, we onboarded about 8,000 freshers entirely virtually, and also ramped up our hiring to support our growth. Our investments in organic talent development saw a surge in the learning effort during this quarter. Our retention continues to be an industry benchmark and a significant competitive differentiator for us, with IT services attrition at 8.9% which is an all-time low,” TCS CEO Rajesh Gopinathan said after the company’s second-quarter earnings.
At the same time, Infosys COO UB Pravin Rao said, “On the headcount, obviously, the headcount increase in – will be in line with the growth. This quarter, we had 5,500 additions; about 3,000 were fresher’s both in India and abroad; and about 2,500 laterals. Our utilization, if you recall, was much lower in quarter one and it has improved significantly, but the number of hiring was on the lower side this quarter. So hiring in subsequent quarter three, quarter four will obviously be dependent on the growth.”
Source: ET Now News