Indian IT Firms To Hire 450,000 Freshers | The ‘War On Talent’ Comes Live With Wipro And Capgemini Hiring 90,000 Engineering Graduates

The two great IT firms, Wipro and Capegmini, have invited applications from freshers for their hiring programs. The firms are set to hire a total of 90,000 employees considering the substantial growth in the IT industry. 

Expecting a boom in the IT Sector in second half of FY 2022, firms are looking for better and brighter talent across the country and have started their respective recruitment drives. The opportunities span across multiple domains, with ample opportunities for both freshers as well as working professionals.

Also read: Samsung To Hire 1000+ Engineers From IITs And Top Engineering Colleges

Wipro Recruitment Drive 2022

Wipro, the IT giant is set to hire 25,000 freshers in the year 2022. During a recently conducted virtual meet conducted on Investor Day 2021, Wipro’s President & CHRO, Saurabh Govil disclosed the company’s hiring plans. 

Wipro’s 2021 hiring demographics

Wipro India had increased its graduate hiring figures by hiring 17,000 freshers, from its previously estimated 12,000 graduates, in 2021. The company hired 10,000 graduates in the first half of 2021, and went ahead to add another 7000 in the second half. 

Saurabh Govil, president and chief human resources officer, explained in an interview, “Wipro has, on a net basis, added 23,653 people between April and September 2021, compared to 2,357 in the same period in 2020.”

Wipro: Setting up new record in FY 2022

The upward trend in IT sector hiring is expected to continue in 2022. TCS, Infosys, and HCL have already announced their plans to hire at least 77,000, 45,000, and 22,000 engineering freshers in the year 2022. Wipro, the IT giant, employs 221,000 employees as of now, and has hired 17000 new graduates in the year 2021. 

With the post-pandemic market opening up new opportunities for freshers and working professionals, Wipro has decided to make the best out of the opportunity by ramping up its hiring figures of the year 2021. For the FY 2022, the firm has decided to hire 25,000 freshers, to retain the best talent in the industry, an increase of 32%. Wipro has further updated its rewards program for freshers, which includes consistent salary hikes via performance-based bonuses and an increment program. 

This announcement by the firm is a crucial step in its mission to remain in the forefront of the ‘Talent War’ the Indian IT industry is going through! 

Capgemini Recruitment Drive 2021

Capgemini India is back with its recruitment drive for freshers as well as working professionals. The company aims to hire 65000 graduates and has opened up a gamut of opportunities for engineering graduates. Interested freshers can select between a number of job locations and an array of job roles.

What makes IT industry hire at higher rate?

As per a report by UnearthInsight,a metrics benchmarking and market intelligence firm, the Indian IT industry is likely to witness an employee addition of around 4,50,000 employees in the second half of financial year 2022. The employees will account for both freshers as well as working professionals. 

Alarming Attrition Rate

The Indian IT industry has witnessed a high attrition rate of 17-19% indicating a reduction in the size of the workforce, resulting from employees leaving the organization or retiring. 

Owing to this, the industry is likely to experience a net employee addition of about 1,75,000 in the second half of FY 2022, as per the report. 

Mr. Gaurav Vasu, Founder and CEO UnearthInsight, explained,“Our H2FY22 report unveils insightful findings, and it further brings out the fact that the IT Industry’s perceived “War on Talent” is real and is getting intense, with attrition becoming a rising concern for the industry. It’s crucial for the industry to focus on employee value proposition (EVP) even more aggressively to keep attrition in check. Also, one of the highlights of H1 is the way top IT firms have delivered upskilling programmes in completely digital format and have developed robust infrastructure to support such initiatives. On the hiring side, the industry is expected to see a sharp momentum with the addition of around 12% more employees than H1 in the second half of the year.”

UnearthInsight expects the attrition rate to be lower in FY2023. For FY2023, the rate is expected to be around 16-18%. The report further states that fresher hiring in the upcoming two quarters, i.e the H1FY2022 and H2FY2022 may help IT firms to control overall attrition in the industry.

Key recruiters in FY22

As per the reports, nearly 2.5 lakh freshers have already been recruited by the IT firms, including both domestic and MNCs, in India. 

Following are some of the firms which are expected to hire maximum number of employees: 

“Indian technology firms are majorly focusing on upskilling programs both in India and global markets. The top two Indian IT players offer integrated learning platforms for different personas of employees. Other Tier I and Tier II firms like Wipro, HCL, Tech Mahindra, Mindtree, and Mphasis are working towards creating a single interface for employees for learning, upskilling, reskilling and deployment,” the report said. 

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