The IT sector, which had seen more than 56,000 employees laid off last year and took another hit from the Trump administration’s new visa rules for the US – the biggest market for IT companies – this year, may have turned a corner.
BusinessToday.In Last Updated: October 23, 2018 | 12:21 IST
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The IT sector, which had seen more than 56,000 employees laid off last year and took another hit from the Trump administration’s new visa rules for the US – the biggest market for IT companies – this year, may have turned a corner. The Experis IT Employment Outlook Survey indicates higher hiring intentions for the next two quarters against the previous two, The Economic Times reported.
“IT hiring in India has been sluggish in the last two quarters. However, jobs are being created and IT hiring will pick up slowly in the coming months and see an upside by March 2019. Non-IT companies will be the big players in IT hiring as more and more companies establish their captive centres in India,” Manmeet Singh, president of Experis, a ManpowerGroup India company, told the daily.
The survey, covering around 550 IT employers across India, reported a positive net employment outlook of 53% for the period between October 2018 and March 2019. The big players, especially the software and quality assurance testing companies, will continue to be more bullish on their employment prospects, estimates the survey. Software companies with over 250 employees intend to hire more employees than hardware companies or startups. This will be ruled mainly by on-demand hiring.