Indian IT firms for 'measured hiring' till September '17
Hiring intentions of Indian IT companies are expected to remain sluggish in the next six months as companies adopt a wait-and-watch policy for various global macroeconomic factors such as H1-B visa executive order and Brexit, says a survey.
According to the Experis IT Employment Outlook Survey released on Tuesday by Experis IT - ManpowerGroup India, Indian IT employers expect a measured hiring pace in the next two quarters (April-September 2017).
"With the advent of automation which is expected to impact majority of companies, employers in India state a sluggish hiring scenario. India's IT employers are cautious about their hiring plans in the April-September time frame," ManpowerGroup India Group Managing Director A G Rao said. Manmeet Singh, president, Experis IT- ManpowerGroup India said, "hiring outlook in the Indian IT domain doesn't look encouraging for the next few months due to various global macroeconomic factors such as the H1-B executive order and Brexit."
Despite being sluggish, the hiring outlook in the Indian IT space would keep up a "steady" pace. Hiring intentions have declined by 15 percentage points from the previous quarter. Only 58 per cent of the Indian IT employers anticipate hiring over the coming two quarters.
"IT companies are adopting a wait and watch strategy and taking alternate talent acquisition routes such as hiring temporary IT workers to cover immediate demands,"