This year, India’s top four IT services companies will add more than the estimated 120,000 freshers.
The move comes after strong demand across sectors and to offset increased attrition rates.
TCS, Infosys, Wipro and HCL have hiked their steps for the hiring of freshers from the first quarter.
They are likely to add more than 160,000 people.
These firms together employ over a fourth of India’s 4.6 mn IT workforce.
They added 1,02,517 people, both freshers and lateral hires, in the first 6 months of the year.
The firms have been reporting large deal wins.
They are also dealing with a sharp spike in attrition rates, necessitating headcount additions.
Infosys has increased its revenue growth forecast for the fiscal year on broad-based demand across geographies in the first half.
As a result, its demand for tech talent has risen.
Wipro is expecting to hire 16,000-17,000 freshers in the current fiscal year and is targeting to hire 25,000-30,000 freshers next year.
It has begun offering campus recruits along with a 5-year plan of compensation.
