Survey Report It And Bpm Firms To See Increase In Hiring Intent In Next Six Months – Opportunity: Jobs will increase in IT and BPM companies in 6 months, survey on employees working in 50 companies

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• Delhi (14%), Hyderabad (13%) and Pune (12%) come next. Out of the total job postings, foreign MNCs contributed around 66% of the jobs. While Indian MNCs contributed 18 per cent.

Companies are also ready to spend more money
Aditya Narayan Mishra, Managing Director and CEO, CIEL HR Services, said the demand for IT talent, which was at its peak during the first half of the year, saw companies vying for hiring. Companies were willing to spend the extra money to get the resources into the company with the right skills. But the aspect of cultural engagement was overlooked in this recruitment frenzy. The result of this was seen when people came back to the office and started working.

• Many people had to bear the brunt of this situation and the company terminated the contract with them. He said that the performance of big tech firms is under pressure as they are not able to bring anything innovative.

The IT and Business Process Management (BPM) sectors saw a drop in hiring in September due to economic pressure. But a recent study revealed that 51 per cent of the respondents believe that recruitment opportunities will increase in the next six months. Nearly one-third (34 percent) of respondents said hiring is set to decline, while 15 percent believe it will remain the same, meaning it will neither increase nor decrease, according to the CIEL HR study.

The study is based on an online survey of 1 million employees working in the top 50 IT/BPM companies operating in India. During the pandemic, IT companies saw increased demand due to the wave of digital transformation across the world and hired people on a large scale. Now that demand has subsided, companies are again ‘rightsizing’.

Bangalore tops in giving jobs
The study further revealed that respondents from smaller companies were found to have a higher level of optimism in companies’ intention to hire. On the other hand, most respondents from mid- and large-sized companies were more pessimistic about the hiring outlook. On the job front, the study found that Bangalore continues to be the most preferred destination for IT and BPM talent, offering 28 per cent job opportunities.

• Delhi (14%), Hyderabad (13%) and Pune (12%) come in numbers. Out of the total job postings, foreign MNCs have contributed about 66% of the jobs. While Indian MNCs contributed 18 per cent.

Companies are also ready to spend more money
Aditya Narayan Mishra, managing director and CEO of CIEL HR Services, said the demand for IT talent, which was at its peak during the first half of the year, was driving companies to hire during this period. Companies were willing to spend extra money to bring resources with the right skills into the company. But in this recruitment frenzy, the aspect of cultural integration has been overlooked. The result of this was seen when people came back to office and started working.

• Many people had to bear the brunt of this situation and the company terminated the contract with them. He said that the performance of big tech firms is under pressure as they are not able to bring anything innovative.