Recent reports say that IT firms struggle to recruit experienced talents
The top firms – TCS, Infosys, HCL and Wipro – plan to hire over 1 lakh freshers this fiscal
Cognizant has plans to hire 30,000 freshers and 100,000 laterals this year
The latter means onboarding about 300 experienced persons per day
For that, one needs to make offers to about 700 people per day
Most IT enterprises show a drop out ratio of more than 40%
Despite having a strong hiring system, companies struggle to hire laterals
Offer acceptance has also dropped, especially for skills facing a severe shortage
The situation forces IT firms to give bigger salaries for such talents
For instance, Java developers with five years’ experience move from Rs 7.5 lakh to nearly Rs 14 lakh
Companies are currently exploring options such as ‘hire-and-deploy’ model to solve this
