
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
More From GoodReturns

1:1 Bonus, 1:5 Split, 39 Dividends: Hindustan Zinc Share Rally 3% As Silver Rates Jump: Buy This Vedanta Stock

Gold Rates In India Today Crash Again On Inflation Fear; Gold Falls Rs36,500 In 3 Days; 24K, 22K, 18K Gold

Gold & Silver Rates Today Live: MCX Gold Crashes By Rs 5,645, Silver Falls By Rs 16,540; 24K, 22K, 18K Gold

1:5 Split Soon? Vedanta Ltd To Consider 3rd Interim Dividend On March 23, Share Jumps; Record Date & Buy Call

Gold Rates & Silver Rates Today Live: MCX Gold & Silver Price Gives Up Some Early Gains; 24K, 22K, 18K Gold

Gold Rates Crash by Rs. 33500/100g in 3 Days: Bangalore, Chennai, Hyderabad Record Sharp Fall on March 14

Bengaluru Power Cut Today: Key Areas To Face 7-Hour Power Outage for BESCOM Maintenance On March 15| Full List

Gold Rates In India Crash Continues Today, 24K, 22K, 18K Gold Prices On Mar-16; Gold Rate Falls By Rs 41,400

Gold Rate in India Takes Hit Amid Iran-US War: 24K Sinks Rs 1.18 Lakh/100 Gm In 2 Week; Silver Down | March 13

PM-Kisan Samman Nidhi 22nd Installment Big Update: How To Check Eligibility, e-KYC, Status & Beneficiary List

Emirates, Etihad, Air India Express Cancel Dubai, Abu Dhabi, Dammam Flights on 16-17 March; Check Status Today



Click it and Unblock the Notifications