Software IT hiring may decline 17% to 150,000 in fiscal 2014: Nasscom

Software industry body Nasscom on Monday said hiring will decline by up to 17 percent to 150,000 in fiscal 2014.
“I think we will have net additions of 150,000-180,000 this year. Last year it was about 180,000,” said Nasscom President Som Mittal.

“It might be less than last year, as it is getting non-linear and lower-end jobs are getting automated. The profile is changing and we need more Domain experts,” Mittal added.

Attrition levels have also come down to around 14-15 percent against the industry average of 20 percent earlier, PTI reported.

The $108 billion Indian IT-ITeS sector provides employment to about 3 million professionals.

Campus hiring may fall significantly due to change in hiring patterns.

Campus hiring may be 60 percent of what it was last year. Software firms are focusing more on soft skills and leadership qualities than on technical skills.

According to an analysis, three years back 80 percent focus was on technical skills but now only 40 percent focus is on technical skills and the rest is on soft skills and Domain.

Hiring by India’s four largest IT companies dropped by over 60 percent in the April-June quarter this year.

The top four IT services exporters made net additions of about 4,100 to their workforce during the quarter this year, against around 10,900 in the year-ago period.

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