Thursday, August 29, 2019

IT industry on hiring spree, adds record number of employees in Q1

Around 85,000 employees added on net basis, highest in six years

The Indian information technology (IT) industry added a record number of employees in the April-June quarter (first quarter, or Q1) of the ongoing financial year, with around 85,000 new hires. This is the highest-ever net employee addition by the industry in a single quarter in six years, according to a recent report by equity research firm CLSA.

Industry experts are of the opinion that the spurt in recruitment happened as IT services firms went aggressive on hiring in anticipation of a strong demand environment. This was supplemented by healthy hiring in onsite locations, triggered by ...

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