EY, a global professional services organization, on Thursday, said it would induct 9,000 new hires in India in various technology roles in calendar 2021.
These hires would be from the STEM background and in areas including artificial intelligence, machine learning, cybersecurity, analytics, and other emerging technologies, it said.
Rohan Sachdev, Partner and Consulting Practice Leader, EY India said: “Today, our clients, both in government and private businesses, are embarking on technology-led transformation and we are supporting them in this journey. With the pace of digital adoption accelerating exponentially, we are strengthening capabilities in emerging technology roles and significantly intensifying our hiring efforts in the coming year.”
EY in India has over 50,000 people working in all member firms, including global delivery centers. Currently, 36% of all EY India employees are from a STEM background.
On freshers hiring, Freshersworld.com, a Teamlease company said, the demand was expected to reach the pre-COVID levels by June 2021. From a hiring activity point of view, freshers hiring was up by 300% in comparison to what it was three months ago. The job postings for freshers had witnessed a 55% jump since September end.
“There is also a 1.45x time jump in new registrations indicating a recovery in the interest to hire freshers. Further, about 90% of the students who completed their terminal exams between Sep-Nov 2020 will also come to the placement market,” said Kaushik Banerjee, Vice President, and Business Head, Freshersworld.com.
According to Scaler, an upskilling platform by InterviewBit, hiring will pick up momentum by Q1 2021 and the key drivers of the job market will be high-growth startups, Financial GIC’s & IT/ITes. From a skills perspective, Java & Full-stack skills continue to be major skill requirements by most startups and product-based companies.
“We are fairly optimistic that our placement rate will increase by over 100% in the first half of 2021,” said Naren Krishna, Head – Careers at InterviewBit & Scaler Academy.