India’s second-largest IT services provider, Infosys plans to hire 35,000 college graduates for FY22 globally, said Pravin Rao, Chief Operating Officer, Infosys.
Currently, the company has a total headcount of 2.67 lakh employees till June 30, 2021.
Pravin Rao said, “As the demand for digital talent explodes, rising attrition in the industry poses a near-term challenge. We plan to meet this demand by expanding our hiring program of college graduates for FY 22 to 35,000 globally,”
“Voluntary attrition in IT services at Infosys rose to 13.9% in the June quarter as compared to 10.9% in the March quarter. It means over 37,000 Infosys employees have resigned in the last year.”
Commenting on the employee attrition Pravin Rao said, “We rolled out several intense employee engagement initiatives including career acceleration opportunities, compensation reviews, and learning & development interventions,”
Infosys has had the fastest growth rate among its competition for a couple of quarters now, he said.
Commenting on Attrition in IT industries, Saurabh Govil, CHRO, Wipro said, “Attrition has always been a concern for the industry however now we are witnessing an unprecedented war for talent. We look at attrition at different levels. One level is the point at which attrition is happening and doing an intervention at that point. That is a reactive approach that has its own merits and is required. This includes doing an out-of-turn retention bonus, project change, etc,”
“However, our main focus is to boost retention of talented employees through multiple levers such as competitive compensation, contemporary benefits, career growth, and superior talent management methodologies,” he added.
Wipro has announced to hire 30,000 freshers in FY22. The company has reported Attrition 15.5% in Q1 of the financial year 2022.
India’s largest IT service provider, TCS will hire more than 40,000 freshers from campuses in FY22. The company has over 5 lakh employees, had hired 40,000 graduates from campuses last year also.
TCS reported an Attrition of 8.6% in Q1 of the financial year 2022.