Last June the IT industry body had predicted that the USD 143-billion domestic software industry might hire 2.75 Lakhs in 2016-17 and up from about 2.3 Lakhs during last financial year. NASSCOM has stated that the IT industry will see 20 per cent less recruitments this year as major players like TCS and Infosys are focusing on more automation and thus hiring lesser number of people.
Meanwhile the Nasscom chairman C P Gurnani, who is also the chief executive of TechMahindra has told that the drop in recruitment would not impact the revenue growth which is pegged at 10-11 per cent in the current accounting year.
Gurnani has told on the sidelines of 'Global In-house Centers Conclave and he thinks everyone will see recruitments slowing down compared to last year and he also thinks that it will be like 15-20% which is relatively lesser in headcounts and it will not impact the revenues.
The Software vendors across the pack are focusing on automation and they believe that 2015-16 will be an inflection point and the result is that these five companies have net added 24 per cent fewer employees in 2015 and it was added that this has come at a time when these companies' have combined the dollar revenue grew 9.8 per cent.
