Tech hiring in India removes Omicron’s nervousness, enthusiasm remains

Tech hiring in India removes Omicron’s nervousness, enthusiasm remains

Unaffected by the steep climb of the third Covid-19 wave, hiring continues in India’s tech sector.
In the first week of 2022, the sector saw over 70,000 active job openings, according to LinkedIn data put together for ET by specialist staffing firm Xpheno. This is despite the first few days after the holidays being a generally slow period when most companies resume action. If the current hiring action continues for the rest of January, the number of open job positions is likely to surpass December’s figure of 253,000, thus making it the strongest in two years, according to Xpheno’s estimates.

Top technology company executives said they expect “minimal impact” on their recruitment plans as customers across sectors continue to intensify their digitization drive to increase productivity and save costs.

“Despite the growing threat from Omicron, 2022 has started on a positive note,” said Kamal Karanth, Co-Founder, Xpheno. “Given the January-March quarter is generally an encouraging quarter for jobs, the action in IT recruitment cannot slow down anytime soon,” he said.
The top companies with new job postings in the first week of the month included Accenture, IBM, Genpact, Dell, Zensar, Salesforce and Oracle, the data showed.

The local arm of US multinational Oracle, which has seen a four-fold increase in hiring since last year, will recruit thousands this year in functions such as sales and service workers, solutions engineers, enterprise architects and product development engineers. “This is higher than last year and several times higher than in the pre-pandemic period,” said Gunasekhar Govindan, vice president, talent advisor, Oracle Japan and Asia Pacific. “With the launch of our cloud regions in India – in Mumbai and Hyderabad – demand has grown exponentially… we expect this trend to continue in the near future,” he added.

Thirukkumaran (Thiru) Nagarajan, Vice President and Head of Human Resources for India/South Asia said, New York-headquartered IBM has embarked on an aggressive talent expansion strategy in India. “We are providing opportunities to skilled professionals in major cities (beyond metros) of India for the benefit of our clients. With the expansion of our various business units in Kerala (Kochi), Gujarat (Ahmedabad), Karnataka (Mysore) and Telangana (Hyderabad), we are looking for new employees to help accelerate IBM’s hybrid cloud and AI strategy. are doing.

In addition, the top 10 Indian IT services players, including Tata Consultancy Services, Infosys, Wipro, Tech Mahindra, HCL Technologies and Mindtree, will employ around 50 lakh people in the full FY 2012, according to Xpheno’s estimate, factoring attrition refills. These include about 200,000 new jobs by the end of this fiscal year in March.

The top three IT giants – TCS, Infosys and Wipro, which announced their quarterly results on Wednesday – recorded their highest rates in three years during the October-December period: 25.5% by Infosys, 22.7% by Wipro and 15.3 by %. Estimates from TCS Xpheno show that the three software exporters combined netted nearly 51,000 jobs in their combined workforce in the third quarter.

In an interaction with ET in the first week of January, TCS Global Head of Talent Acquisition Girish Nandimath said the country’s largest IT employer plans to hire talent across technology with a focus on digital skills.

“Across all geographies, industries and regions, we are seeing clear evidence of customer accelerating adoption of digital business models,” Nandimath said.

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