TCS, Wipro, Infosys engaged record 1.7 lakh employees in 2021
TCS, Infosys and Wipro had added a record 1.7 lakh employees for 2021, a multi-fold increase from the 31,000 they had hired in 2020. This jump in hiring comes on the back of acceleration in digital technologies and rising attrition. For the first three quarters of FY22, the three companies hired 1.34 lakh employees, compared with 35,000 between April and December 2020.
The three IT firms stepped up their fresher hiring numbers in FY22. At 17,500, Wipro’s fresher hiring is 70 percent more than what the company hired in FY21. Infosys will hire 55,000 freshers in FY22, and TCS has on-boarded a record 78,000 campus recruits so far. With demand for technology services continuing to outstrip supply, the IT companies also stepped up their fresher hiring to meet the growing demand.
This momentum is likely to continue in the next year as well.
Thierry Delaporte, CEO, Wipro, said that while attrition at 22.7 percent is lower than anticipated, the company is building its talent pipeline to cater to the demand by increasing its fresher supply. The company plans to hire 30,000 freshers in FY23.
While TCS has always been one of the largest recruiters on the campuses, it almost doubled its fresher supply for the year. From 40,000 in FY21, it has already on-boarded 78,000 campus hires so far. Infosys too upped its fresher hiring twice in the year on the back of unprecedented demand.
From 35,000 in the beginning of the year, it increased to 45,000 in the last quarter and 55,000 in the October-December 2021 quarter.
There is a huge focus on reskilling as well. Premji shared during the event that with the huge gap in the demand and supply, there is focus on upskilling and reskilling employees to make them ready for the opportunities coming in.
In the earnings statement, TCS said that 32.3 percent of open positions were fulfilled through up-skilling/cross-skilling.
The companies are also taking various measures to retain the employees. TCS has promoted 1.1 lakh people so far this year and has planned 40,000 more promotions in Q4 FY22. Infosys said that the company is engaging with employees.
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