“Hiring is based on two parameters — growth and backfilling we must do due to attrition. In the last quarter and in the current one, the attrition has come down significantly. This quarter, it looks like a single digit attrition. So our back-fill hiring will also be less,” said HCL head of HR, Apparao VV.
He, however, noted that the momentum has been hit by Covid as campuses are not functioning and students haven’t finished their graduation. “Our recruitment and onboarding both have gone virtual,” he said.
The company onboarded 1,000 campus recruits in the June quarter. Apparao said the average salary for freshers is still at Rs 3.5 lakh.
TCS plans to keep its India campus hiring this year at about the same level as last year (40,000), despite the drop in revenue in the quarter ended June on account of the Covid-19 fallout across the world. Wipro said in January that it will hire 12,000 from Indian campuses this fiscal, but given the tumultuous situation now, the final numbers will depend on deals and project visibility.
HCL, Apparao said, recorded higher productivity in the June quarter despite many working from home. About 96% of employees were working from home and approximately 2% were working from its centres and another 2% from customer premises.
Apparao said the US order to temporarily put a stop to H-1B visas was unfortunate. “The short-term impact is not much, but if this continues, getting varied skills in the US will become difficult and some of the skills in short supply will come at a higher price point,” he said.