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Those Days are gone where IT Companies hired from in bulk Campuses. With growing economic uncertainity and tighter deal pipelines, the Indian IT Hiring is in a Transition Face with new Rules for Hiring.
Check out the Latest Hiring Trends in Current Technology Industry in India:
- Just-in-Time Hiring is the Dominant Way in Present IT Industry, where in past It Companies Recruited students years in advance of the actual requirement
- Instead of hiring everyone from campus in one go, the intake would be staggered. The new normal is shorter notices
- This year hiring is likely to be done in two stages – September-March and May-July
- Cross-industry hiring : There is also a move towards employing more domain specialists who now constitute around 12% of the entire IT workforce in the country.
- Demand-supply mismatch
The growing mismatch between engineering talent demand and supply. Talent output has gone up by 3.6 times in the last eight years with about 13.2 lakh students expected to pass out in FY13. Of this, around 10%-15% are expected to be hired by the ITBPO industry
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This gap has also increased by falling attrition in the period FY11-13. While attrition has fallen from 19% to 14% for the IT/engineering, R&D/KPO industry. It has fallen from 43% to 33% for the BPO industry. IT firms have also focused on hiring abroad and these employees now account for around 5%-7% of the total workforce.