![]() ![]() “The focus of industries on profiles that are at the execution level is an indication that businesses have got their strategy as well as plan in place and this trend of positive momentum is here to stay. However, the intent to hire at the senior level is at 26%, which is a drop of 2 percentage points versus June ended quarter and the least intent is at the mid-level at 22%, seeing a drop of 4 percentage points sequentially. In terms of the job level, the intent to hire is the highest at the junior level at 32% in the July-September quarter, followed by entry-level at 28%, which have seen a growth of 4 percentage points and 7 percentage points, respectively. It has moved from 34% in April- June 2021 to 38% for July- September 2021. There is a 4-percentage point rise in the intent to hire in the July-September 2021 quarter compared to the recently ended June quarter. Sectors like financial services, fast-moving consumer durables and power and energy have only moderate intent to hire, with financial services at 36%, Fast Moving Consumer Durables at 35% and power & energy at 33%.Īccording to the report, though the growth percentage is not as high as the previous quarter the intent to hire is positive. The job market is largely tech, e-commerce, and healthcare driven,” Chakraborty said. “There is a marginal improvement across all sectors, but it is still marginal. However, what should be worrying is that sectors other than IT are not seeing many job creation opportunities. Other IT majors- Infosys, Wipro, and HCL Tech - also reported high attrition rates at 13.9%, 15.5%, and 11.8%, respectively, in the June quarter. To make up for it, the company has said it will hire 1,00,000 experienced hands this year. US-based technology firm Cognizant, which has two-thirds of its employees in India reported a record high attrition of 31% this quarter, of which 29% was voluntary. To be sure, India’s largest software services exporter, Tata Consultancy Services reported 140 basis points to rise in attrition levels during the April-June 2021 period at 8.6%. Given that there are little signs of this scenario changing anytime soon, the attrition levels will continue, however, whether they inch up from here is guesswork at present, Chakraborty said. “There is a fight, a literal talent war that is going on out there and clearly anybody is willing to offer more for those who would leave and take those opportunities up, which is the reason that the attrition is high,” she said. While the business outlook for all these sectors remains bullish, the supply shortage of talent with required skills is leading to fatter paycheques. ![]() Rituparna Chakraborty, co-founder and executive vice president, TeamLease Services told FE that these sectors have proven to be Covid-19 proof with regards to job creation or rather have been direct or indirect beneficiaries of the pandemic. TCS plans to move its employees back to the office by the end of the year, while Infosys and HCL are preparing for hybrid work models.Rethink likely on project-specific plans for real estate insolvency The remainder of employees will return on a staggered schedule. Infosys admits it still hasn't fully fixed Indian tax portalĪccording to the earnings call (and a tweet from Wipro chairman Rishad Premji), all senior staff are fully vaccinated and attending company offices twice a week.Infosys and Wipro employees charged with insider trading.Indian government promises One Portal To Rule Them all in support of colossal infrastructure build.However, in July the company reported rates around 70 per cent. HCL did not mention the vaccine in its Q2 earnings call or press release. At TCS, 70 per cent are fully vaccinated, and half at Wipro. Wipro, TCS and Infosys reported first-shot vaccination rates at 85 per cent, 95 per cent and 86 per cent respectively. Getting back to the office is also on the agenda, now that vaccination rates have improved. ![]() Wipro also is looking at 25,000 fresh hires of early career staff in 2022. TCS hired 19,690 and Wipro has 8150 "freshers" coming onboard for Q2. For HCL, this means 11,135 new hires, for Infosys it's 11,664 new hires and 45,000 new grads. All four companies have hung out the "Help Wanted" sign, to replace staff and find new workers to deliver on new deals. ![]()
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