Board Infinity, a career exploration platform has released a study on the job market and hiring trends in Q4 2020-21. The report mentions that Q4 and beyond, hiring will be seen in E-commerce, Technology, Healthcare & Construction sectors. Many software and IT companies are hiring talent across the nation with 74 percent of India’s tech companies are set to increase in number by 14 percent. IT organizations have announced their aggressive hiring plans for 2021 & 2022. IT Giants namely TCS, Infosys, HCL and Wipro collectively plan to hire 91,000 personnel from campuses. Most of the spike in hiring is likely to be at junior or entry level positions this quarter.
TCS is looking to hire the same number of freshers as it did last year, around 40,000, while Infosys will hire 24,000 college graduates in India in the next financial calendar, a rise from the 15,000 it had planned for the existing one.
Sumesh Nair, Co-founder & CEO, Board Infinity says, “The Indian job market is improving slowly and steadily and we are seeing an increase in the demand for right talent. We are also observing the emergence of crossover skills, which can be attributed to the situation during COVID. He further added that candidates are relearning and adapting them into other roles created by the pandemic. High growth sectors have been benefiting from broadening qualifications to include candidates with crossover skills.
The report also mentions that the Remote work and work-from-home culture is here to stay. Talent acquisition and recruiters are looking for candidates with specialized skills such as candidates delivering crisp online presentations and able to hold the attention of the audiences.
The study was undertaken for a duration of 6 months interviewing 850 number of candidates & 220 companies