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TCS, Infosys Increase Hiring by 350% in FY19

The Indian IT industry is expected to add around 2.5 lakh new jobs this year, according to a TeamLease Services report

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infosys
The partnership aims to re-imagine the tennis experience for the fans and the players globally, according to a statement. Wikimedia

Amid a slowdown in job growth across sectors, IT services major Tata Consultancy Services (TCS) and Infosys hired about 42,000 more techies in the recently concluded fiscal 2018-19 than it did in the previous fiscal, registering a growth of over 350 per cent in new hiring, a media report said.

While Mumbai-headquartered TCS hired 29,287 employees in the financial year ending on March 31, Bengaluru-based Infosys added 24,016 software professionals, Fortune reported this week.

So together these two companies added 53,303 employees in the 2018-19 financial year, while they hired just about 11,500 employees in the 2017-2018 financial year.

TCS hired 7,775 employees, while Infosys added 3,743 employees in FY18, the Fortune report said, suggesting that the momentum of hiring in the $167-billion Indian software services industry has started picking up.

Employees walking infront of Infosys office.

In 2019, IT firms are likely to hire professionals with expertise in data science, data analysis, solution architects, product management, digital marketing, Machine Learning and Artificial Intelligence (AI), Blockchain and cyber security, according to experts.

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The Indian IT industry is expected to add around 2.5 lakh new jobs this year, according to a TeamLease Services report.

“Investments in IT re-skilling will increase by around 20% in 2019,” said the report on “IT hiring projections for 2019”. (IANS)

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50% Campus Recruiters Face Problems With Hiring: Survey

50% recruiters face challenges with existing campus hiring

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campus recruitment
The survey, titled ‘Campus Hiring 2019-20: Challenges, Trends & Best Practices', by talent assessment company Mercer|Mettl, said the biggest challenges the organisations faced were building pre-placement connection with students. Pixabay

More than 50 per cent campus recruiters face challenges with the existing hiring process, according to a survey on Tuesday.

The survey, titled ‘Campus Hiring 2019-20: Challenges, Trends & Best Practices’, by talent assessment company Mercer|Mettl, said the biggest challenges the organisations faced were building pre-placement connect and brand visibility with students. 55.41 per cent organisations termed it a challenge.

Similar number of organisations also said shortlisting the right set of campuses was a challenge.

“Through our latest report, we intend to highlight the existing and emerging trends that are shaping the campuses hiring landscape. The insights can help companies bridge the gap between the old and the new mechanisms, enhancing the rate, scale and quality of the talent they onboard,” said Siddhartha Gupta, CEO, Mercer|Mettl.

Campus hiring
The report emphasises how the use of technology could turn out to be a game-changer for defining efficiency and scalability in campus recruitment through shortlisting target campuses. Pixabay

According to the report, 54.14 also voted logistics management and coordination with multiple campuses for multiple rounds as a challenge. 45.22 per cent ascertained that administration of right screening assessments for filtering candidates for interviews was a problem area.

Lastly, 38.85 per cent organisations said lower offer rollout to joining rate is a major concern.

The report also emphasises how the use of technology could turn out to be a game-changer for defining efficiency and scalability in recruitment through shortlisting target campuses, building pre-placement engagement, shortlisting resumes, rolling out screening assessments, and conducting interviews.

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Organisations that revamped the campus hiring methodologies by integrating innovative technologies into the process fared better than peers, the study said. Organisations that leveraged campus intelligence to enhance hiring strategy were able to increase their onboarding rate to 75 per cent, the survey said.

The study recorded responses from over 400 campus recruiters across sectors, including IT, manufacturing, healthcare, government, construction, entertainment and retail. (IANS)