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IT Firms in India to Increase Hiring Plans for the Next 6 Months: Report

October 31, 2018

Opportunities within the IT industry for graduates are soaring in India. After a slowdown in the last few months owing to the proposed visa restrictions in the U.S., Indian IT firms’ hiring intention is reportedly gearing up. A new survey revealed that companies in the ever-growing IT sector is expecting to be bullish about its hiring plans for the next six months, with a major portion of these job openings are allocated for the junior level.

According to the Experis IT Employment Outlook Survey, the hiring outlook in India is up for the next two quarters (October 2018 – March 2019) for the IT fraternity, with a net employment outlook of 53 percent. Not only the big players especially the IT software firms that will be more optimistic about their employment prospects, but also non-IT organisations are also planning on massive recruitment in order to keep up with the digital transformation.

The report noted that major hiring is expected to happen for the junior level with a comparatively rigorous selection process with special perks allocated for those with skills like critical thinking and creativity. The southern and western regions reported to see the strongest hiring outlook (27 percent), the survey added.

Known as the world’s second largest startup ecosystem, newly-built companies will contribute significantly to the IT employment in India. There are about 5,000 – 5,200 startups in the country and many of these companies are working on very niche technologies, including AI, blockchain, and robotics, The India Times reports.

Interviewing about 550 OT employers across India, the report further noted that to hire resources in demand this season, the human resource domain is disrupting all its conventional strategies and adapting alternative methods to fit the volatile requirements. These alternative talent acquisition strategies include liquid workforce, temp, on-demand hiring, increasing contract resources and implementing upskilling / reskilling of internal staff to cater to complex / niche requirements.

Read also: Study Reveals Flexible Working Arrangements Could Bring $54.8b to Singapore Economy by 2030

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