IT industry boosts freshers' hiring as growth resumes
Expansion of the workforce base will also directly stabilise margins with the operating metrics such as utilisation and offshore mix at near peak levels for most software service providers.
Experts say this is a key pillar for margin upside and companies are hiring freshers and investing in training facilities to stabilise the pyramid structure after a lull of the past almost two years.
Marking a reversal in the declining headcount for the software services industry, after nearly seven quarters, five out of India's top six IT companies—Tata Consultancy Services (TCS), Infosys, Wipro, Tech Mahindra and LTIMindtree hired more than 17,500 employees in total in the September quarter.
This is followed by a pickup in fresher hiring with top four IT majors committing to recruit around 82,000 fresh graduates and ET’s recent report has projected the sector to surpass 150,000 fresher hires in FY25.
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