Tag: IT hiring

Leveling Up. Hiring in IT Services Sector Slows after 2-Year Record High | In the News

Returning to pre-pandemic levels of hiring volume and velocity is a sign of a larger correction and calibration underway. However, employee growth has been slowing and, in the third quarter of 2022, returned to pre-pandemic levels.

Nitish Mittal, Partner at Everest Group, believes that the market for IT services will decelerate from 10.4% organic constant currency growth in FY22 to 6.7% in FY23 (March ending).

Read more in The Hindu Business Line

Moneycontrol IT Hiring Series Part 5: Are we Nearing the Zero Bench Period? | In the News

The Indian IT industry generates at least one lakh new jobs a year. But if you think that makes jobs readily available, the reality is different. That is because the industry, which employs more than four million people, has changed the way it hires. Basic skills are no longer in demand, and companies want candidates to be job-ready from day one.

Yugal Joshi, Vice President, Everest Group, a management consultancy, said, “Bench development is a loss to the provider as those resources aren’t billed but paid. As the digital disruption gains pace, it will be difficult to build bench anyways as the requisite skills won’t be available.”

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