New job openings from IT companies have touched a five-year high in India. Top IT firms of India have hired more than 1.21 lakh individuals in the first half of this year. Experts say this development has come after the surge in demand for software and cloud solutions amidst the COVID-19 pandemic.
The pandemic has forced industries to carry out their operations online that resulted in a massive demand for technological solutions to meet the requirements.
In these challenging times, IT giants like TCS and Wipro have witnessed double-digit growth, and they intend to grow further with increased human resources. Industry leaders suggest that IT firms will hire more than 2 lakh people in India by the end of this year.
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Vice-chancellor for professional learning at Krea University, Ramkumar Ramamoorthy, said, “With large and mid-sized IT services companies bouncing back to double-digit revenue growth, as well as global captives feverishly expanding their base in India, we are seeing an unprecedented war for talent.”
He further mentioned that the pandemic had accelerated the digital transformation goal of businesses, creating an opening for new-age skills, which has resulted in this massive hiring.
India’s Textile Minister, Piyush Goyal, mentioned in a tweet that the Prime Minister’s Digital India mission has accelerated the country’s digital shift and is likely to stay like this. The market is currently seeking roles in data science, cybersecurity, artificial intelligence, and cloud architecture.
Tech giant Accenture mentioned that it would hire more than 34,000 new employees for data analytics, cloud computing, and network security roles. On average, the pay range of jobs in data science is around ₹1.2 lakh per month. The companies also plan to hire 1.1 lakh freshers in 2021 to tackle attrition.
A former IT employee said, “We are seeing multiple technologies such as AI, IoT, robotics, cloud, and 5G coming into the fore. The needs are high in the current context because of the heterogeneity of technologies.”