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In what could bring cheer to campus graduates, Infosys said that it will continue to hire in the upcoming quarters.
“We expect to see an uptick in demand and in line with that, see a good momentum in hiring,” replied UB Pravin Rao, COO, Infosys, when asked by BusinessLine .
This sentiment coming in the backdrop of TCS stating a few days back that it will hire 28,000 engineering graduates this fiscal, a first in the last three years is bound to uplift the mood among graduates.
The country’s second largest software exporter, however, did not specify how many graduates it plans to hire. In the second quarter of 2019 fiscal, Infosys added around 7,800 employees and in the June-ended quarter 5,798. “It reiterates the 'beginning of the end' of the lack of optimism about Indian IT companies’ future.
While Infosys has announced its intention to hire from campuses, it has seen a high level of attrition over the past three quarters. For example, attrition in the second quarter was 22.2 per cent and in the first quarter 23 per cent. Infosys closed 2018 financial year with 2,04,107 employees, adding 3,800 employees for the whole year when compared to the previous year.
The Indian IT sector over the past few years has significantly reduced campus hires due to a combination of factors. As growth slowed down, projects reduced and clients started to focus more on ‘Digital’ for which new skillsets were needed.
Recently, LinkedIn in its workforce report pointed out that jobs requiring digital skills fuelled employment growth in the first half of 2018. Another of its report stated jobs such as Machine Learning Engineer, Application Development Analyst, Back End Developer, Full Stack Engineer, Data Scientist, Customer Success Manager, Digital Marketing Specialist, Big Data Developer, Sales Recruiter and Python Developer were most sought after.
The demand for Machine Learning Engineers has grown 43 times between 2013- 2017 and that of Application Development Analyst32 times.
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