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Hiring, wage hikes likely as outlook for IT appears ‘bright’
April 05, 2021
Analysts peg revenue growth of tier-I firms at 2.5-3.4 per cent in Q4 The IT industry is likely to report a modest growth in revenues in the fourth quarter of 2020-21 and a double-digit growth in 2021-22. The tier-I IT companies are likely to close the quarter with a growth rate of 2.5-3.4 per cent in revenues in the quarter over the previous quarter.
A projected double-digit growth in the current financial year would also mean a sharp increase in hiring to meet the growing demand for IT services and solutions.
Updated Mar 17, 2021 | 15:26 IST
Decks have been cleared for tier 2,3 towns of TN to be the hubs for mini-IT Parks in phase I of the TIDCO and ELCOT collaboration. Information Technology - IT Park | Photo Credit: iStock Images
Key Highlights
TIDEL Park is one of the largest IT parks in Asia.
It was set up in 2000 to foster the growth of information technology in the state of Tamil Nadu by the TIDEL Park Ltd, a joint venture of TIDCO and ELCOT.
The state government of Tamil Nadu has approved a proposal of TIDEL Park to establish the facility in tier 2, 3 towns, thus clearing the deck for establishing mini-IT Parks in four (2 & 3 tier) districts identified in the first phase.
Informationweek
Ways to Take Representation of Women in Tech to New Levels
Despite ongoing efforts to further diversify who fills the ranks of tech jobs, seeing real results is taking a protracted amount of time.
Today marks International Women’s Day, once again calling attention to women’s rights and highlighting movements to improve gender parity in technology roles. The topic is far from new but has grown into a resounding call for ongoing discussions within organizations rather than one-off showpieces. Some stakeholders from SAP, McAfee, Dataminr, and Workforce Logiq offered insight on ways organizations might make lasting, progressive changes that benefit the business while tackling gender imbalance in the tech scene.
Haryana s job reservation proposal is inconsistent with the central government s and IT sector s push towards a future model of work from anywhere, industry watchers say.