Top Indian IT services companies added 72,000 employees, up 44 per cent from about 50,000 in the previous year, to their workforces in the pandemic-hit fiscal year 2021 as the software giants booked record deal numbers. The hiring trend is expected to continue this fiscal.
IT consulting and research firm Everest Group’s CEO Peter Bendor-Samuel said the IT industry is seeing a remarkable growth surge, which is also combined with a renewed interest in moving work offshore to destinations like India. “While the secular trend to move to new digital technologies continues, it is now being augmented by firms moving more legacy or traditional work offshore. The net result of this is an emerging talent shortage both onshore and offshore with a resulting inflation in wages as well as increased recruiting for both experienced and new talent,” he said.