HCL Hiring Spree, Company Plans To Get 45,000 Freshers On Board in FY23!

Following the release of its Q4 results, Noida-based IT giant, HCL Technologies has announced its decision to hire at least 45,000 freshers during FY23. This sharp influx of job openings can be attributed to the attrition rate faced by the company. During FY23, HCL also intends to operate in a hybrid model with a small percentage of employees returning to their offices.

Attrition in HCL leading to massive hiring?

Like most of its competitors in the industry, HCL has been no exception to the staggering attrition rates sweeping across tech companies. Compared to the 19.8% attrition at the end of FY21, there was a steady increase to 21.9% by the end of 2021-2022.

Reasons for attrition

These rates are a direct result of the gap between an abundance of tech-related job openings and a shortage of workforce. More people are showing interest in leaving their existing posts and opting to explore new skills. Another reason is the discontinuance of the work from home mode in the companies that is making people leave their jobs and seek job opportunities with flexible working mode. 

To lure the employees working from home, back to office and ensure their maximum comfort, companies are offering various incentives to their employees. Keeping in line with this, HCL too seeks to opt for a hybrid mode of working where 12-15% will be present on any given day.

Also read: 60,000 Openings For Capgemini Recruitment In FY23; Guide To Landing A Job In Capgemini India

HCL Mega Hiring: Important Details

1. The company plans to hire nearly 45,000 freshers in FY23 compared to the 22,000 freshers in FY22.
2. Its total headcount stands at 2,08,877 as per most recent data.
3. Around 28% of the global workforce constitutes women and there are 165 nationalities represented.
4. Its localisation stats currently stand at 70.9% in the US, 80.5% in Europe and 88% in the rest of the world excluding India.

Also read: “We’ll Give You All” How Employers Are Attempting To Bring Employees Back To Work?

The company revealed that it has seen a 226% growth in its consolidated profit after tax, which currently stands at INR 3,593 crore as compared to INR 2,962 last year. 

In a press release, Roshni Nadar Malhotra, Chairperson at HCL Technologies, said, “Our core beliefs of innovation and collaboration, driven by a strong faith in humanitarian values, have stood us well in these fast-changing times. Clients worldwide see HCL Technologies as their partner of choice to drive business outcomes with our leading-edge technology services, solutions and products. We remain committed to transforming lives and uplifting marginalised communities through the work and perseverance of the HCL Foundation,” 

Download the Dare2Compete App to stay up to date on all education and employment news.

You might also be interested in reading:

1. 10 Crore Internships To Be Provided By AICTE In Next 1000 Days!
2. KPMG Jobs 2022: Fresher's Invited For Analyst Roles; Apply Before Link Expires!
3. Meet L. V. Vaidyanathan, The IIM-A Grad Who Started As An Intern & Is Now The New CEO Of P&G India
4. IIT Kanpur Alumnus Donates INR 1 Crore To Alma Mater To Upgrade Lab Facilities