AgenciesBengaluru-headquartered software services firm Infosys said that it onboarded close to 40,000 freshers in the first six months of fiscal 2023 of the 50,000 the company had earlier said it would hire during the current fiscal.
The net increase in headcount at the end of the September quarter stood at 10,032. The total headcount stood at 3,45,218 with attrition down to 27.1% for the quarter, marking three-quarters of a downward trend.
The company said that it was hopeful about absorbing the freshers and putting them into large and other deals as well.
This comes as cross-town rival Wipro added 605 net hires last quarter--a nine-quarter low. It added 14,000 freshers in the first half of the current fiscal, accounting for over 70% last year's campus hiring numbers.
In June, Infosys told ET it has increased its internal promotions by 3.5 times compared to last year and doubled the employee stock ownership plan coverage over the last two years to retain talent.
India's third-largest company HCL Tech reported a net addition of 8,359 during the quarter, taking its total headcount to 219,325. The company added 10,339 freshers during the quarter – the highest ever in the history of the company.
On Monday, India’s largest IT exporter Tata Consultancy Services reported a net addition of 9,840 people this quarter and said that it plans to onboard around 10,000 to 12,000 in the rest of the fiscal.
TCS has a total target of hiring 45,000-47,000 freshers in the current fiscal year out of which it has already hired 35,000 so far this year.
Following a period of aggressive talent acquisition industry-wide in the previous fiscal, when industry leaders Tata Consultancy Services and Infosys hired 1,00,000 and 85,000 people, respectively and Wipro and HCL Tech hired 19,000 and 23,000 engineers, this year the top four IT companies are expected to hire a total of 155,000 freshers by March 2023, marking a reduction of over 30%.
The net increase in headcount at the end of the September quarter stood at 10,032. The total headcount stood at 3,45,218 with attrition down to 27.1% for the quarter, marking three-quarters of a downward trend.
Infosys CEO Salil Parekh said that the company expected this trend to continue on a downward trajectory.
The company said that it was hopeful about absorbing the freshers and putting them into large and other deals as well.
This comes as cross-town rival Wipro added 605 net hires last quarter--a nine-quarter low. It added 14,000 freshers in the first half of the current fiscal, accounting for over 70% last year's campus hiring numbers.
In June, Infosys told ET it has increased its internal promotions by 3.5 times compared to last year and doubled the employee stock ownership plan coverage over the last two years to retain talent.
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India's third-largest company HCL Tech reported a net addition of 8,359 during the quarter, taking its total headcount to 219,325. The company added 10,339 freshers during the quarter – the highest ever in the history of the company.
On Monday, India’s largest IT exporter Tata Consultancy Services reported a net addition of 9,840 people this quarter and said that it plans to onboard around 10,000 to 12,000 in the rest of the fiscal.
TCS has a total target of hiring 45,000-47,000 freshers in the current fiscal year out of which it has already hired 35,000 so far this year.
Following a period of aggressive talent acquisition industry-wide in the previous fiscal, when industry leaders Tata Consultancy Services and Infosys hired 1,00,000 and 85,000 people, respectively and Wipro and HCL Tech hired 19,000 and 23,000 engineers, this year the top four IT companies are expected to hire a total of 155,000 freshers by March 2023, marking a reduction of over 30%.
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