Indian IT Companies Delay Onboarding of Fresh Graduates

137
1
Indian IT Companies Delay Onboarding of Fresh Graduates

Indian IT companies like Infosys, Wipro, and TCS have faced delays in onboarding fresh graduates, impacting over 10,000 candidates. The onboarding delays, according to the IT employee union NITES, have left these candidates without definite joining dates in the last two years. Harpreet Singh Saluja, the President of NITES, mentioned that complaints have been received from candidates offered positions at various IT companies, including top-tier ones like TCS, Infosys, Wipro, Zensar, and LTIMindtree.

Infosys has informed candidates that their Date of Joining (DOJ) would be decided based on business requirements and communicated at least 3-4 weeks in advance. The company's campus hires decreased by 76% to 11,900 in FY24, a significant drop compared to the previous year. Wipro also faces challenges in fulfilling campus offers made two years ago and aims to complete those offers before taking on new freshers, citing uncertainties in the macro environment. Zensar, a mid-tier IT firm, requested candidates to undergo a test for potential onboarding, mentioning a need for those who performed well.

The delays in onboarding fresh graduates are mainly due to business uncertainty in regions like North America and Europe, influencing clients to be cautious about IT spending. The financial year ending in March saw a combined headcount drop of nearly 64,000 in TCS, Infosys, and Wipro, with reasons linked to over-hiring during the pandemic. As a result, companies have shifted focus towards productivity without significant increases in headcount. Capgemini India's CEO, Ashwin Yardi, highlighted plans to moderate campus hiring numbers this year after hiring around 30,000 freshers from campuses in the previous year.