Hir­ing at top IT firms rises four­fold in 2018

Mint ST - - FRONT PAGE - Varun Sood feed­[email protected] NEW DELHI

In­dia’s top 10 in­for­ma­tion tech­nol­ogy (IT) com­pa­nies added 114,390 en­gi­neers to their work­force in 2018, a more than four-fold in­crease from the pre­vi­ous year. While the num­bers are the best in five years, few are pre­dict­ing a sim­i­lar show­ing in 2019.

Much of the jobs added in 2018 may have been be­cause of in­creased hir­ing in the US un­der pres­sure from the Don­ald Trump ad­min­is­tra­tion and cus­tomers out­sourc­ing large con­tracts on the con­di­tion that the ven­dors ab­sorb some of their em­ploy­ees, two hu­man re­sources (HR) ex­ec­u­tives said.

Al­though none of the com­pa­nies dis­closed de­tails of hir­ing in the US or the num­ber of em­ploy­ees ab­sorbed from cli- ents, the HR ex­ec­u­tives claimed that at least half of the net hir­ing made by com­pa­nies in 2018 is on ac­count of one of these two rea­sons.

The top five IT firms—tata Con­sul­tancy Ser­vices Ltd, Cog­nizant Tech­nol­ogy Ser­vices Corp., In­fosys Ltd, HCL Tech­nolo­gies Ltd and Wipro Ltd—added 99,010 em­ploy­ees last year to take their work­force to about 1.23 mil­lion as against an ad­di­tion of 19,360 peo­ple in 2017, ac­cord­ing to an anal­y­sis by Mint.

The rest of the top 10—Tech Mahin­dra Ltd, Larsen & Toubro In­fotech Ltd, Mindtree Ltd, Cyient Ltd and Zen­sar Ltd— added just 15,380 en­gi­neers com­pared with 2,796 in the pre­vi­ous year.

In­dia’s $167 bil­lion soft­ware ser­vices in­dus­try em­ployed 3.7 mil­lion peo­ple at the end of

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