Recruitment of employees in IT companies is low

Mumbai, Ta. 19 October 2020, Monday

In the first six months of the current financial year, the recruitment of employees in the country's top four IT companies has been significantly lower than in the same period last financial year. However, these companies have maintained their commitment to freshers through college campuses and have made no cuts.

In the first six months of the current financial year, the number of recruitments in the top four IT companies has been 18 as against 2009 in the first six months of last year. Corona's impact on demand has resulted in a reduction in costs, which has not led to the recruitment of new staff, a research report said.

The companies have retained the appointments of freshers who have been recruited from the college campus in the last year. Such recruitment was also curtailed during the 2008 financial crisis.

The country's top four IT companies are seeing a 5 to 20 per cent decline in overall recruitment. Virtually every one of the offers that was made on the college campus last year has been onboard.

The country's top four IT companies include TCS, Infosys, HCL and Wipro.

As the country's economy recovers from the effects of the coronavirus and demand picks up, the remaining six months of the year are likely to see an increase in recruitment, sources in a staffing company said.