Top IT giants like TCS and Infosys are looking to hire specialists in new technologies to future proof their business. As per The Economic Times, TCS and Infosys are rolling out programmes to hire junior and mid-level talent with a focus on specific technology skills.
The report quoted Industry experts and mentioned that the firms are conducting small recruitment drive in specialized areas to get ahead of their peers in terms of hiring good talent. The experts further said that the early starters will have an advantage with access and cost of top-quality talent, especially in areas such as cybersecurity, artificial intelligence and cloud computing, where there is a huge skill gap currently.
“These hiring drives, lasting weeks to months, depend on the volume and urgency of positions. This could signify targeted growth in specific sectors or with clients amid an overall demand decline,” Krishna Vij, business head - IT staffing at Teamlease Digital told The Economic Times. “Alternatively, certain tech firms are also on the verge of futureproofing, proactively acquiring talent in anticipation of an eventual market upswing or in the process of securing new orders,” she added.
IT companies, though have shunned mass campus recruitment, are planning to enter the job market in anticipation of a growth pickup in the second half of the next fiscal year that starts in April.
Despite this such drives may not necessarily see the massive hiring akin to the campus recruitments that IT companies have done previously.
Also Read: Tech hiring: Infosys plans walk-in recruitment drive in Bengaluru on March 9
Prasadh MS, head of workforce research and analytics at staffing company Xpheno told The Economic Times that hiring is inevitable mainly after a drop in the headcount in the last few quarters. He further re-iterated that the companies that are getting into hiring now will have a huge lead when the activity picks up later this year
“Enterprises have a strategic and tactical need to reclaim and match previously achieved capacity,” Prasadh told The Economic Times.
This recruitment drive also comes at a time when the IT firms are getting stronger with the managements referring to large new deals and renewals. This, experts view as per The Economic Times, will require further manpower given the massive loss of workforce in the past quarters owing to one of the slowest business growth periods for the $250 billion IT sector.
Meanwhile Infosys has planned walk-in recruitment drive in Bengaluru on March 9th while TCS has advertised hiring for people with three to 15 years of experience in enterprise solutions, cybersecurity, AI cloud, IoT & digital engineering, infrastructure services, business process services, TCS interactive IP and wireless networks.
“Usually, those with 5-15 years of experience are axed and very senior people with domain expertise are retained. The recruitment drive is to fill in those positions and the companies are now recruiting for the bench so that in one year’s time they will start billing customers, although now it will be in smaller batches unlike earlier,” IT veteran Ganesh Natarajan, a former CEO of Zensar Technologies told The Economic Times.
The report further mentioned that many global capability centres of MNCs are also recruiting in large numbers.