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Drop in IT hiring
The growth in net addition of employees by Indian IT players has been gradually decelerating as the sector focuses on enhanced efficiency and innovation.
New Delhi: The growth in net addition of employees by Indian IT players has been gradually decelerating as the sector focuses on enhanced efficiency and innovation.
Total employee base at 38.63 lakh in FY17; net addition at 2.17 lakh in FY15, 2.03 lakh in FY16 & 1.75 akh in FY17, informs Centre
“There is a continuing trend of gentle deceleration in net hiring growth rate (but with a growing base) as industry focuses on innovation, new digital technologies and enhanced efficiencies,” PP Chaudhary, Minister of State for Electronics and IT, said in a written reply to the Lok Sabha on Wednesday.
He added that “companies are re-aligning and re-adjusting themselves to the changing business scenarios and adjusting their workforce accordingly. The growth in total employees stood at seven per cent in 2014-15, which came down to six per cent the following year and was five per cent in 2016-017.”
