The IT sector saw a drastic change in its talent management strategy - from mass layoffs in 2020 to mass recruitment in 2021. As per Monster Employment Index data, compared to June 2021, July 2021 witnessed an overall monthly growth of 4 per cent in hiring. While, overall job postings have also improved by 8 per cent year-on-year.
According to the report, the IT - Hardware, Software industry witnessed the highest growth year-on-year with 39 per cent increase in the hiring of professionals, with a notable growth in metropolitan cities.
As reported a few months back, TCS, Infosys, HCL and Wipro together expect to hire 1 lakh people this fiscal year. Cognizant alone planned to hire 1 lakh experienced professionals and onboard 30,000 freshers this year, and also make 45,000 offers to campus recruits who would join the company next year.
Going forward in 2022, experts say companies that create an environment for greater employee commitment and engagement will enjoy significantly improved top -line growth rates.
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