Infosys is going to hire 20000 Freshers by Dec 2020
Indian IT giant, Infosys has disclosed that it plans to onboard 20,000 freshers in FY21 as the Covid-19 freeze lifts.
The second-largest IT firm in the country has already hired more than 4,000 lateral hires and 18,000 freshers in the quarter that ended in April 2020. According to UB Pravin Rao, the company is in a process of coming out of the Covid hiring freeze. Infosys had temporarily suspended lateral hiring in April citing Covid-19 pandemic.
After announcing June quarter results, Rao said, "In terms of lateral hiring, in April there was a general freeze. However, we will continue to look for talent in niche areas. In Q1, there were 4,000 plus lateral hiring. The trend will continue going forward and based on the needs we will look at it."
Even the rival IT service firms including TCS and Wipro have also opened up hiring. Wipro has on-boarded over 7,000 lateral hires for the quarter that ended in June.
Infosys had also suspended hikes and promotions in the March quarter. It has increased the variable pay for employees as a reward. The company is focusing on reskilling the existing workforce on new-age technologies to meet the growing demand for services like digital transformation, cloud computing, etc.
The company has also achieved a lower attrition rate. The voluntary attrition rate has come down to 11.7% from 15.3% in the March quarter. The total headcount is down by 3138 employees in this quarter.
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