IT sector in India to see dip in recruiting freshers
Posted on: 18/Jul/2018 10:02:53 PM
The Indian IT companies are likely to deploy entry-level coding rules on machines and engineers will be hired in-time. As a result, in this year, it is likely that there will be fewer tech jobs. Earlier, it was predicted that over 2.50 lakh tech jobs will be created in 2018 while the same was 3 lakh in 2017.
According to Nasscom, a growth of 7-9 percent is likely in the software segment. Nevertheless, the drastic changeover of IT segment is evidently seen with the dip in job opportunities. One of the senior Nasscom officials says over 2.5 lakh job offers will be produced in 2018. As far as recruitment of freshers out of engineering colleges is concerned, about 1.20 lakh will be the count. Among those with 2-8 years of experience, there will be lesser number of offers. Furthermore, with increased job retention with leading IT firms, the flat job market still gets affirmed. For instance, the retention rate with TCS is increased from 86 percent to 90 percent. The Chief Marketing Officer of TCS says there is surge in their retention rate and tops peers.
Now the campus drive has just begun with a caution though. TCS sources say that the same number of recruitment will be done out of campuses. Over 20000 freshers were hired last year. On the other hand, the top players are recruiting in lesser numbers. Freshers recruitment is increasing among SMEs, startups, and contemporary businesses. There will be close to 1-1.2 lakh freshers recruited this year, say reliable sources. There will be considerable dip in hiring those with 2-8 year experience. Speaking about this, the CEO of Ciel HR Services says we can expect close to 15 percent reduction in total hiring this year as compared to 2017. On the other hand, product companies and start-ups will show a rise in recruitment. Anyway this difference will not make much difference in the overall recruitment in the services sector.
Top officials from Kelly Services, an HR firm says in 218, we can expect about 7-10 percent lesser tech jobs. Among professionals, a realignment of role is also likely. More number of roles are getting shifted to robotic process automation. At the same time this reduction in total hiring pertains only to services sector and not across all niches.
