Why are IT Companies Hiring More Freshers ??
Why are IT Companies Hiring More Freshers??
After the pandemic world has come closer with help of internet and online technologies. As employees have started working at home, many companies' productivity has also increased. This has led to a 17% increase in hiring ratio in the IT industry.
Hiring for the IT industry has increased as per demand in technology service worldwide. Training fresher’s is a cost effective solution compared to hiring experienced. It’s projected that top four IT companies Infosys, TCS, Wipro and HCL are going to hire 1.5Lakhs fresher’s in the upcoming financial year.
Another reason for this increase in the economy for this industry is the increased demand for software and social media platforms such as Google Hangouts, WhatsApp Video call, Zoom, and Microsoft Teams. All these online tools have helped people stay in touch with family and work at the same time. This helped people to understand the internet and technology as it helped us stay safe.
As the demand for digital talent rose, the industry faced the challenge of fulfilling the demand-supply gap. To meet this demand the company expanded hiring programs.Companies are losing projects so instead of letting go the customers they are hiring freshers.
Now hiring experienced employees is a bit costly as they are demanding three to four times more than freshers, also there is no guarantee of joining. Also experienced candidates can be volatile and unpredictable.
The IT industry is ever evolvin
g so it demands high productivity from their employees. To achieve high evolving productivity companies need to hire experienced candidates, but then hiring experienced candidates has its own pros & cons.
Source: @timesofindia
As per sources there is an increase in hiring of freshers gradually every year. In FY20 this ration got down due to pandemic. But when things started to grow better there was an increase in projects in the IT industry and hence more hiring of freshers.
Thus, from the above comparison, we can predict that a fresher candidate can be more cost effective and a productive option for IT companies.
Fresher comes with fresh ideas to execute them in modern ways, which help companies grow the business. A Fresher is a good asset to increase business around.
The first job is always special for every employee. Company gets below benefits of hiring freshers.
New ideas
Fresher’s not only seeking for opportunity but also a great work environment. Freshers are fresh graduates with their own sets of skills that might help companies grow. They are ready to learn and experiment new ideas for growth of the company. Also fresher’s stick around with the company for a long time.
Easily Trainable
As they are new to work they have more discipline and don’t act smarter than the employer. They are already looking for opportunities, so it becomes easy to train and mould as per company requirements.
Self motivation
Freshers know what’s trending and ready to experiment as they grew up digitally. They adopt new technical ideas very easily. Freshers are keen to learn and adopt new technologies easily.
Expect less
As a newcomer in the industry they don’t expect a high salary package. It helps companies to hire more freshers with less salary and more reproductively in return. Also they have positive aspects towards the company as they started their career journey with them.
Increase in projects and growing digital technology is one of the reasons for an increase in the hiring ratio.
Employers are more keen to hire candidates who have in-depth skills, knowledge and specialised skills. For all these reasons today the IT industry is hiring more freshers. Fresher’s who are continuously in touch with upgrading technology through college projects or workshops land up having good opportunities.
Hiring for the IT industry has increased as per demand in technology service worldwide. Training fresher’s is a cost effective solution compared to hiring experienced. This helped people to understand the internet and technology as it helped us stay safe. Through our advanced technology, human connection and private network we help revolutionize businesses and grow careers. Boardsi is a modern recruiting company providing executives with advisory positions and companies with top talent.
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