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.
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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.
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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.
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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.
