Indian IT Companies is in Huge Suffer: Skilled Candidates demand is increased drastically!!!

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Indian IT Companies is in Huge Suffer
Indian IT Companies is in Huge Suffer

Indian IT Companies is in Huge Suffer: Attrition rate is constantly high for last 6 month!!!The Attrition rate is continuously high in IT Companies for last 6 months. Major IT companies such as TCS, Infosys, HCL, etc. is in huge Suffer. Attrition rate is a metric used to calculate the rate at which employees or customers have voluntarily left a company. Most of the employees were leaving their jobs because of instant promotion and increased pay scale.

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Indian IT companies have been getting more and more projects in a short period of time as most of the companies have started investing heavily in digital and IT services after the corona infection. The hiring rate is constantly hiring due to increased project numbers.  This leads more demand for skills and experienced employees.

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Infosys recently announced that their net profit for the March quarter increased by 12% to Rs.5,686 crore. In the same quarter of the previous fiscal, it was Rs.5,076 crore. In the fourth quarter, the company’s revenue from operations increased by 23% to Rs.32,276 crore, up from Rs.26,311 crore a year ago.

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TCS and Infosys, India’s leading IT service providers have hired an humongous number of 1.85 lakh freshers in fiscal year 2022 alone. The demand of skilled employees is constantly increased at Indian IT Companies. In Next Quarter, Infosys and TCS both expected to hire 78,000 freshers because of increased attrition rate.

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