Mumbai: Technology companies<\/a> are sharply reducing their hiring mandates with industry estimates pointing to a nearly 90% drop in December 2022 from a peak of over 110,000 monthly active openings a year ago. This sharp correction comes even as India’s $220 billion software services industry<\/a> prepares for an uncertain economic scenario, top recruiters told ET.

The sharp deceleration in hiring, which began with a near 50% dip in June 2022, is being seen across both large and small IT services companies but demand for specific skills remains high, they added.

The sharp decline in new job openings gained pace in the second half of last year as inflation and recessionary concerns deepened across the US and European markets. “Even attrition replacements are selective,” said AR Ramesh, director, professional staffing at Adecco India.

The top Indian IT majors
Tata Consultancy Services<\/a>, Infosys<\/a>, Wipro<\/a> and HCL Tech had hired around 220,000 employees during fiscal 2022 amid concentrated demand for digitisation triggered by the pandemic.

However, macroeconomic concerns stoked by Russia’s invasion of Ukraine and recessionary fears in the US have dimmed the outlook for technology services. Global technology companies like
Meta<\/a>, Microsoft<\/a> and Stripe have reported mass layoffs to manage costs in an increasingly inflationary environment. In India, startups facing a steep decline in growth capital funding have also resorted to widespread layoffs.

Recruiters are of the view that these trends are impacting the job market for tech professionals and had led to a sharp reduction in attrition across the IT industry. Attrition had risen to a peak of 25% in the July-September quarter of fiscal year 2022, posing a serious challenge to India’s top IT exporters. “In September, there was a sudden tightening of requirements which dropped around 50% and was down 70% in December 2022 compared to the previous year,” said Sunil C, CEO of TeamLease Digital.

IT companies are also closing job postings that they normally kept open during slower hiring phases in the previous years, he added.

In recent weeks, top technology executives have indicated that they will continue to hire from campuses but lateral hiring is expected to remain muted in the coming quarters.

“The hiring scenario is expected to be benign in 2023,” TCS CEO Rajesh Gopinathan had told ET during an interaction in December 2022. The slowdown in hiring comes on the back of aggressive fresher intake during 2021 and 2022 with those employees now expected to mature into bigger roles.

According to industry experts, IT companies are more likely to bid for client contracts first and then hire in keeping with business requirements during 2023. This contrasts with the model of pre-emptive hiring seen between 2021 and first half of 2022 across India’s IT industry.

“No doubt there are global events that have impacted the more immediate outlook on hiring at junior levels along with some normalisation in demand as compared to the surge during Covid times,” said Pankaj Khanna, head HR, Coforge BPS.

Recruiters point out that the current dip in hiring is stoked by uncertainty in the job market.

“With companies laying off their employees and hiring slowing down, the salary hikes of the Covid-era are slowly shifting gears in response,” said Sachin Alug, CEO, NLB Services. He expects only those who constantly re-skill in line with market demands can expect to have a stable remuneration.
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技术因为带慢车道招聘路线

前印度IT专业塔塔咨询服务公司,印孚瑟斯,Wipro和HCL科技雇佣了约220000名员工在2022财年在集中对数字化的需求引发的大流行。

Romita Majumdar
  • 发表在2023年1月3日08:35点坚持
阅读: 100年行业专业人士
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孟买:科技公司大幅削减他们的招聘要求与行业估计指着下降近90%从110000年的峰值在2022年12月月度活跃一年前开口。这大幅回调是在印度的2200亿美元软件服务行业准备一个不确定的经济情况下,招聘人员告诉等。

招聘的急剧减速,始于2022年6月下降近50%,被看到在大型和小型IT服务公司,但对特定技能的需求仍然很高,他们补充说。

新的就业机会获得大幅下滑速度在去年下半年通胀和衰退的担忧加深美国和欧洲市场。说:“即使是磨损更换选择性AR拉梅什,导演,专业人员Adecco印度。

广告
印度IT专业塔塔咨询服务公司,印孚瑟斯,Wipro和HCL科技雇佣了约220000名员工在2022财年在集中对数字化的需求引发的大流行。

然而,宏观经济的担忧引发了俄罗斯入侵的乌克兰和美国经济衰退的担忧已经模糊了技术服务的前景。全球科技公司,微软和条纹报道大规模裁员管理成本在日益膨胀的环境。在印度,创业公司面临增长投资的急剧下降也采取广泛的裁员。

招聘人员认为,这些趋势影响就业市场对科技专业人士和导致了整个IT行业大幅减少摩擦。摩擦已升至25%的峰值7 - 9月当季的2022财政年度,印度最大的出口商构成极大的挑战。“9月,突然收紧的需求下降了约50%,2022年12月下跌了70%与前一年相比,“苏尼尔说C, TeamLease数码公司的首席执行官。

他们公司也关闭招聘信息在招聘放缓阶段通常保持开放的前几年,他补充说。

广告
最近几周,技术高管表示,他们将继续从校园招聘但横向招聘预计在未来几个季度仍将保持温和。

“招聘方案预计在2023年是良性的,”TCS CEO Rajesh Gopinathan告诉ET在2022年12月的交互。放缓招聘来的激进的新鲜的摄入量与员工现在在2021年和2022年将成长为更重要的角色。

据业内专家、IT公司更有可能收购客户合同,然后在2023年聘用符合业务需求。这与模型的先发制人的招聘在2021年和2022年上半年在印度的IT产业。

“毫无疑问有全球事件的影响更直接的雇佣前景在初级水平以及一些正常化的需求飙升Covid时期相比,“Pankaj Khanna说,人力资源负责人Coforge个基点。

招聘人员指出,当前蘸招聘了就业市场的不确定性。

”公司解雇员工和招聘放缓,工资上涨的Covid-era正在慢慢改变齿轮作为回应,“Sachin Alug说,首席执行官NLB服务。他预计只有那些不断re-skill符合市场需求能指望拥有一个稳定的薪酬。

  • 发表在2023年1月3日08:35点坚持
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Mumbai: Technology companies<\/a> are sharply reducing their hiring mandates with industry estimates pointing to a nearly 90% drop in December 2022 from a peak of over 110,000 monthly active openings a year ago. This sharp correction comes even as India’s $220 billion software services industry<\/a> prepares for an uncertain economic scenario, top recruiters told ET.

The sharp deceleration in hiring, which began with a near 50% dip in June 2022, is being seen across both large and small IT services companies but demand for specific skills remains high, they added.

The sharp decline in new job openings gained pace in the second half of last year as inflation and recessionary concerns deepened across the US and European markets. “Even attrition replacements are selective,” said AR Ramesh, director, professional staffing at Adecco India.

The top Indian IT majors
Tata Consultancy Services<\/a>, Infosys<\/a>, Wipro<\/a> and HCL Tech had hired around 220,000 employees during fiscal 2022 amid concentrated demand for digitisation triggered by the pandemic.

However, macroeconomic concerns stoked by Russia’s invasion of Ukraine and recessionary fears in the US have dimmed the outlook for technology services. Global technology companies like
Meta<\/a>, Microsoft<\/a> and Stripe have reported mass layoffs to manage costs in an increasingly inflationary environment. In India, startups facing a steep decline in growth capital funding have also resorted to widespread layoffs.

Recruiters are of the view that these trends are impacting the job market for tech professionals and had led to a sharp reduction in attrition across the IT industry. Attrition had risen to a peak of 25% in the July-September quarter of fiscal year 2022, posing a serious challenge to India’s top IT exporters. “In September, there was a sudden tightening of requirements which dropped around 50% and was down 70% in December 2022 compared to the previous year,” said Sunil C, CEO of TeamLease Digital.

IT companies are also closing job postings that they normally kept open during slower hiring phases in the previous years, he added.

In recent weeks, top technology executives have indicated that they will continue to hire from campuses but lateral hiring is expected to remain muted in the coming quarters.

“The hiring scenario is expected to be benign in 2023,” TCS CEO Rajesh Gopinathan had told ET during an interaction in December 2022. The slowdown in hiring comes on the back of aggressive fresher intake during 2021 and 2022 with those employees now expected to mature into bigger roles.

According to industry experts, IT companies are more likely to bid for client contracts first and then hire in keeping with business requirements during 2023. This contrasts with the model of pre-emptive hiring seen between 2021 and first half of 2022 across India’s IT industry.

“No doubt there are global events that have impacted the more immediate outlook on hiring at junior levels along with some normalisation in demand as compared to the surge during Covid times,” said Pankaj Khanna, head HR, Coforge BPS.

Recruiters point out that the current dip in hiring is stoked by uncertainty in the job market.

“With companies laying off their employees and hiring slowing down, the salary hikes of the Covid-era are slowly shifting gears in response,” said Sachin Alug, CEO, NLB Services. He expects only those who constantly re-skill in line with market demands can expect to have a stable remuneration.
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