This year it will be jobs bonanza for the Information Technology industry. 2011 is expected to be a landmark year for tech hiring and job mobility as market visibility improves, global customers will enhance their spending and pipelines remain packed. This year head hunters are expecting a very bullish hiring trend with recruitments to increase from 60% to 70%, compared to last year's 20% jump over the previous year.
This year will open on a positive note for fresh IT graduates. The industry will see around 2 lakh fresh engineering graduates entering the job market this year while another 3 lakh professionals will change jobs within the industry.
Also with the IT sector facing an acute shortage of experienced professionals, around 50,000 mid-to-senior people from traditional verticals like manufacturing, auto, telecom and logistics are expected to join the industry. It is because of these factors that it will be raining jobs for IT professionals.
As per industry experts, calendar 2011 will witness a net hiring of around 4 lakh people (campus and lateral), as against 2 lakh in 2010. This is a great number compared to one lakh people getting hired in 2009 and 2.5 lakh getting hired in 2008. However, there were many layoffs in 2009 due to recession. Surprisingly 2007 was a record year with approximately 5 lakh IT jobs in the market.
The hiring will be led by domestic IT giants like Tata Consultancy Services (TCS), Infosys Technologies and Wipro. Fresh graduates will account for 70% to 80% of the hiring for these companies while MNCs like IBM, Accenture, HP and Capegemini will drive the lateral hiring sector each with a yearly mandate of 15,000 to 20,000 people.
It is not only in India that IT graduates are in demand. The IT industry is recruiting in large number all across the globe. Google, Microsoft and Facebook are hiring professionals and offering perks to retain their existing staff. All these companies are looking forward to hire freshers and then train them accordingly.
Sharing his experience with media, Boris Petrov, a computer programmer from the University of California, Berkeley, says that he hasn't even graduated yet and already has several job offers.
