A sudden surge in pay packages to attract the best of talent could nibble away the competitive advantage India has had all along and make it less attractive for global companies.
IT job hiring leads strong growth in metro cities: SCIKEY Market Network
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SCIKEY research data further highlighted the demand for IT job roles in India including Project manager contributed to 47% jobs, Developer contributed to 70% jobs, Software Tester contributed to 66% jobs, Consultant contributed to 41% jobs and Digital Marketing contributed to 30% jobs in IT alone in comparison to rest of the sectors in India.
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India’s IT sector is experiencing a sequential growth in hiring since the lockdown in 2020. Job postings have seen a significant rise in several metro cities including Bangalore, Hyderabad, Pune and Delhi accounting for more than 50% jobs in the sector in the month of January 2021 as per SCIKEY Market Network. Maximum demand in IT Jobs was recorded in the month of January with 39%, followed by BPO 10% and Banking 6%.
Updated: Thursday, February 18, 2021, 17:50 [IST]
IT Jobs News: The Indian IT sector is expected to witness better hiring and growth trends in 2021 as compared to previous year that saw the industry being hit by the COVID-19 pandemic impacting thousands of jobs and hiring process in the IT industry, according to a NASSCOM Survey.
As per a survey conducted by NASSCOM, around 95 per cent of CEOs in IT sector anticipate that the hiring in FY 2021 will go up alongside better growth trends in the Indian tech industry.
97% CEOs anticipate a significantly better global economic growth in 2021 as compared to 2020. In terms of hiring, 95% CEOs expect 2021 hiring to be more than what they hired in 2020. Further, 67% CEOs believe the Indian technology industry to grow significantly higher than 2020, the NASSCOM s CEO survey stated.
Covid forces top 4 IT firms to step up hiring in Q3
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The four largest IT firms by revenue had hired 10,820 people in October-December 2019, faced with cautious technology spending by clients in an uncertain economic environment.
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HCL Technologies and Wipro have hired a total of 36,487 employees in the December quarter of FY21, significantly higher than during the same period in 2019, as clients demanded faster execution of digital projects.
The top four firms account for nearly a fourth of India’s 4.3 million information technology workforce.
The four largest IT firms by revenue had hired 10,820 people in October-December 2019, faced with cautious technology spending by clients in an uncertain economic environment. However, as the Covid-19 pandemic induced lockdowns across the globe last year, customers were forced to shift employees to working remotely and had to increase technology spending for moving applications to the Cloud in or