IT Sector To Hire 1.20 Lakh This Year: Experts

The changing economic scenario is the most compelling reason why hiring from campuses are reducing and these are causing inconsistencies in the business demand which is reflecting in hiring - particularly at the entry level.

Commenting on the trends, executive search firm GlobalHunt MD Sunil Goel said: "Expectations from the campuses also have gone down as experienced resources are easily available at the similar price. So, the companies prefer to hire from the market than going to campuses with larger reasons to drop in campus hiring."

Campus hiring has been under stress amid rising number of candidates seeking employment. For example, in 2005 there were 365,000 graduates in IT sector but the same stands at around 1.3 million graduates in 2012.

Some of the service domains within IT like e-commerce, social media, mobile banking are showing consistent growth.

The India IT-ITES sector faced strong headwinds in 2012-13 due to global economic slowdown and muted spending in North America and Europe, which accounts for as much as 80 per cent of Indian IT companies' revenues.

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