HCLTech, a leading global IT services company, has announced plans to hire over 10,000 freshers from campuses for the fiscal year 2024-2025 (FY25).
BizNews India
This recruitment drive is part of the company's ongoing strategy to onboard new talent and meet the growing demand for its services.
Recruitment Targets and Strategies
In the previous fiscal year (FY24), HCLTech had set a target to hire approximately 15,000 freshers but concluded the year with over 12,000 additions. This adjustment was due to market volatility, necessitating a recalibration of their hiring plans. For FY25, the company aims to recruit more than 10,000 freshers, continuing its campus programs and fresher hiring initiatives. The onboarding will be distributed across quarters, aligning with demand fluctuations.
BizNews India
Employee Metrics
As of the fourth quarter ending March 31, 2024, HCLTech's total headcount stood at 227,481 employees. The company added 2,725 employees in Q4, with net fresher additions numbering 3,096. Throughout FY24, HCLTech onboarded 12,141 freshers. The attrition rate for Q4 was 12.4%, a slight decrease from 12.8% in the preceding quarter, indicating improved employee retention.
BizNews India
Focus on Internal Fulfillment
HCLTech plans to prioritize internal fulfillment to meet demand, reducing reliance on contract hiring. The company intends to invest in capacity building and skilling efforts to achieve this goal, resorting to contract staffing only when internal resources cannot meet specific demands.
BizNews India
Financial Performance
In Q4 FY24, HCLTech reported a net profit of ₹3,986 crore. The company's pipeline is near an all-time high, reflecting strong client demand for its offerings. This robust financial performance supports the company's recruitment and expansion plans.
The Times of India
Opportunities for Freshers
HCLTech's commitment to hiring over 10,000 freshers in FY25 presents significant opportunities for recent graduates seeking careers in the IT industry. The company's campus recruitment programs are designed to attract and nurture young talent, providing comprehensive training and development to align with industry requirements.
Conclusion
HCLTech's strategic hiring plans for FY25 underscore its commitment to growth and talent development. By focusing on campus recruitment and internal capacity building, the company aims to meet increasing client demands while providing valuable opportunities for freshers entering the IT sector.
For more information on HCLTech's campus hiring and career opportunities, you can visit their official careers page.
HCLTech
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