21/04/2019
While there is a sluggish pace of job growth across sectors, the momentum of hiring in the $167-billion Indian software services industry is showing signs of a steady pickup. In the recently concluded fiscal 2018-19, country’s top two IT-services companies Tata Consultancy Services (TCS) and Infosys hired over half a lakh techies.
For the year ended March 31, 2019, Mumbai-headquartered TCS had a net addition of 29,287 employees while Bengaluru-based Infosys added 24,016 software professionals. At the close of fiscal 2019, TCS’s total employee base stood at 4.24 lakh and Infosys at 2.28 lakh.
The Indian IT-industry, which is known for its bulk hiring every year, has been witnessing a slump in net addition of employees in the last few fiscals. The numbers were not that optimistic in the fiscal 2017-2018 when both TCS and Infosys saw a meagre net hiring of about 11,000 employees in total. TCS added 7,775 employees, while Infosys net addition was just 3,743 employees in FY18.
Unlike in the past, mass hiring of software developers by the top-tier Indian IT companies has come down drastically as companies are now focused more on recruiting quality software professionals and techies with a specialised skill set in new areas of technologies such as artificial intelligence (AI), blockchain, data mining, analytics and others.
“It’s the more cutting edge that is getting to be in demand. The focus is on data sciences , AI , Internet of Things (IoT), analytics and user experience (UX) design for product, etc. Much of the IT business gained has a stronger high-tech flavour - and includes this as part of the high-end offering but the talent is still hard to get. So these skills are going to be highly in demand across IT firms,” says Priya Chetty-Rajagopal, managing partner, Multiversal Advisory, a CXO search and advisory firm.
https://www.fortuneindia.com/bengaluru-buzz/it-majors-up-hiring-by-300-in-fy19-2/103140
Ommsharravana
TCS and Infosys together hired over 50,000 employees in 2018-19, up from 11,000 in the previous year.