International BusinessJob market looking up: Infy's Pai
With the global economy gradually bouncing back, the IT job market is also picking up and around 2-2.5-lakh jobs in the sector are likely to be up for grabs, a top Infosys official said today.
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"The job scenario is improving...This year, the market is likely to see around 2-2.5-lakh jobs," Infosys director-human resources Mohandas Pai told reporters here today.
The IT jobs market will, however, not be the same as it was two years ago but will also not be as bad as it was last year, Pai said, adding the fresher-lateral hiring ratio is likely to be around 65:35 per cent this year.
Two years ago, there were around 3-4-lakh jobs available in the IT market, he pointed out. The industry has witnessed a lower growth rate in the last 18-months, Pai said, adding that the market is not so open now.
Infosys has plans to hire around 20,000, Pai said, adding that, however, campus recruitments will be lower this year as compared to the last.
"This year, Infosys will be hiring around 20,000 as against 16,000 that we recruited last year. Campus recruitments, however, will be less," Pai said. However, he did not divulge the exact number that he is planning to hire through campus recruitments.
Pai said that Infosys has given a 7-8 per cent hike across the board whereas globally, it was two per cent. Attrition in Infosys stood at 10 per cent, he said.