The number of applicants looking for a job at Infosys Technologies in 2013-14 may have doubled over the previous year but those who got job offers dropped drastically.
The number of applications increased to 9.11 lakh in 2013-14. It was also a seven-year high for Infosys, in a year when the company went through some tough times in terms of performance.
However, just four out of every 100 applicants got offer letters from the Bangalore-based software company as against seven out of 100 in the previous year.
The company was, however, far from touching the record 14.23 lakh reported during the peak of 2005-06.
Last year, the company undertook a larger campus recruitment programme and conducted a large number of off-campus recruitment initiatives to fulfil immediate needs for fresher graduates in line with business demands, said a company spokesperson.
Moorthy K Uppaluri, CEO, Randstad India, a HR company, said most of the large IT players have given a positive guidance over the last few quarters. This is due to the improving global economic climate and an indication of significant projects in their pipeline. This had a positive impact on their hiring numbers.
The current quarter has witnessed increased attrition in the IT sector. Campus hiring was muted last year and there was a significant supply of entry level IT professionals. With a combination of business growth, increased attrition and large supply of entry-level talent, large IT companies saw a surge in the number of job applicants, he said.
According to Rituparna Chakraborty, Senior Vice-President and Co-Founder, TeamLease Services, a recruitment company, while there has been a marginal increase in opportunities, talent availability has increased disproportionately. In 2000, the number of job offers in the IT sector was around 4,00,000 whereas skilled talent was only 50 per cent of the opportunities. However today, though opportunities have increased due to growth in the sector, the availability of talent is far greater (there are around 1.5 million available IT professionals) than the opportunities created.