IT hiring may drop by 17% this fiscal: Nasscom

Rising automation and low attrition in IT sector may act as a dampener
for job seekers with industry body Nasscomexpecting hiring to decline by
up to 17 per cent to 1,50,000 in the current fiscal.

The 108-billion dollar Indian IT-ITeS sector provides employment to about 3 million professionals.

think we will have net additions of 150,000-180,000 this year. Last
year it was about 180,000,” Nasscom President Som Mittal said when asked
about the hiring environment.

Explaining the decline, he added:
“It might be less than last year, as it is getting non-linear and
lower-end jobs are getting automated. The profile is changing and we
need more Domain experts.”

Attrition levels have also come down to around 14-15 per cent against the industry average of 20 per cent earlier.

Mittal also said that campus hiring may fall significantly due to change in hiring patterns.

hiring may be 60 per cent of what it was last year,” he said, adding
that now employers are focusing more on soft skills and leadership
qualities than on technical skills.

According to an analysis,
three years back 80 per cent focus was on technical skills “but now only
40 per cent focus is on technical skills and the rest is on soft skills
and Domain,” Mittal said.

Hiring by India’s four largest IT companies dropped by over 60 per cent in the April-June quarter of this year.

top four IT services exporters made net additions of about 4,100 to
their workforce during the quarter this year, against around 10,900 in
the year-ago period.