Infosys back on campuses to hire for niche job profiles
₹9 lakh per annum and above," said Savitha Rani M., training and placement officer at Ramaiah Institute of Technology in Bengaluru. Infosys had hired 51,300 fresh graduates in FY23. However, last year, the Bengaluru twins Infosys and Wipro Ltd, which together hired 208,000 engineering graduates in the last three years, had said they did not plan to go to campuses this year.
Although the IT firms had built up a strong ‘bench’ while recruiting en masse in 2021 and 2022, the decision to not head to campuses for the batch of 2024 left many students in the lurch. In IT sector parlance, a bench is made up of employees who are yet to get deployed on a project. An Infosys spokesperson did not respond to queries.
“Infosys will come for the campus placements this year, but for niche roles. They are looking at IT specialists and will not recruit for the services roles," said A. Sridhar, dean of placements for Bengaluru’s PES University.
A placement member at R.V. College of Engineering also confirmed that Infosys will visit their campus with a salary of ₹8-9 lakh for select roles. Although the company, during its third-quarter results, said it is “not seeing any immediate campus requirement", analysts say it is the margin pressure that is driving IT firms to head back to campuses rather than recruit from the market.
“If Infosys has to hire experienced personnel in greater numbers to deploy in projects, it will have to shell out more money. Rather than deploying one person, the companies are looking to deploy two entry-level personnel at lower costs and get the delivery done. This is being done to reduce the pressure on the margin side because employee cost will reduce," said Omkar Tanksale, a research analyst at Axis Securities.
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