Key Points
Active hiring from top IT services companies recorded their first rise in the past 20 months, with the total number of open positions accepting applications rising to 82,000 in March from a low of 50,000 in January this year, data from LinkedIn and other top job boards showed...
But on the back of dipping attrition, the collective gross hiring by the top IT services companies fell 4-6% QoQ in the quarter ending March, shows an analysis done for ET by staffing firm Xpheno, based on talent movement patterns in the January-Mar period..
While gross hiring (attrition refills and fresh hiring) has been low and declining for eight quarters, the current rise in active demand denotes a return of hiring for capacity in the ITS cohort, said Anil Ethanur, co-founder, Xpheno...
IT sector consultants said that the conversation for FY25 is still heavily focused on more dilution of the bench, increasing automation, improving efficiency and targeted hiring mostly in niche areas such as AI and GenAI amid continued macroeconomic uncertainty and hardly any signals of demand recovery yet...
Total number of open positions up at 82,000 in March vs a low of 50,000 in January. 4-6% drop in collective gross hiring action by the biggest IT services companies in Q4 vs Q3Gross hiring (attrition refills & fresh hiring) declined for eight consecutive quartersAverage attrition down at 14% vs 20% a year ago..
