For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

IT hiring could come down by 17 per cent this fiscal: Nasscom

By Super
|
IT hiring could come down by 17 per cent this fiscal
NEW DELHI: Rising automation and low attrition in IT sector may act as a dampener for job seekers with industry body Nasscom expecting hiring to decline by up to 17 per cent to 1,50,000 in the current fiscal.
 

The USD 108-billion Indian IT-ITeS sector provides employment to about 3 million professionals.

"I think we will have net additions of 150,000-180,000 this year. Last year it was about 180,000," Nasscom President Som Mittal told PTI when asked about the hiring environment.

Explaining the decline, he added: "It might be less than last year, as it is getting non-linear and lower-end jobs are getting automated. The profile is changing and we need more Domain experts."

Attrition levels have also come down to around 14-15 per cent against the industry average of 20 per cent earlier.

Mittal also said that campus hiring may fall ignificantly due to change in hiring patterns.

"Campus hiring may be 60 per cent of what it was last year," he said, adding that now employers are focusing more on soft skills and leadership qualities than on technical skills.

According to an analysis, three years back 80 per cent focus was on technical skills "but now only 40 per cent focus is on technical skills and the rest is on soft skills and Domain," Mittal said.

Hiring by India's four largest IT companies dropped by over 60 per cent in the April-June quarter of this year.

The top four IT services exporters made net additions of about 4,100 to their workforce during the quarter this year, against around 10,900 in the year-ago period.

PTI

Read more about: it sector nasscom hiring
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more