Undeterred by pandemic, Hyderabad’s job market opens up
Hyderabad: The challenges thrown up by Covid-19 pandemic, right from the shift to remote working to the sudden need for skill upgradation, appear to have failed to make much of an impact on the job market in Hyderabad. On the contrary, not just large IT enterprises, but even small and medium scale IT firms are […]
Hyderabad: The challenges thrown up by Covid-19 pandemic, right from the shift to remote working to the sudden need for skill upgradation, appear to have failed to make much of an impact on the job market in Hyderabad. On the contrary, not just large IT enterprises, but even small and medium scale IT firms are looking at hiring more employees, both freshers and lateral entries, even as the sector recorded its highest growth in terms of exports.
Across sectors, the capital city of India’s youngest State saw an average growth of 20 per cent in hiring in September 2021 as compared with the same period last year. And the IT sector is still reigning the job market with the segment registering a 44 per cent year-on-year growth in the same period, according to a report by popular job portal Monster.com.
“Telangana delivered double-digit growth in the IT sector in the financial year ending March 2021 and the net employee addition has also grown exponentially in the State. Many companies are on an expansion mode with the demand for digital technologies growing across enterprises and levels. The 44 per cent growth mentioned by the report is a testament to not just the growth of the companies but also the government’s initiatives for a business-friendly environment,” says V Rajanna, senior V-P, TCS, and former president, Hysea.
Tata Consultancy Services is the largest IT sector employer in Hyderabad and has over 62,000 employees in the city. The Hyderabad IT sector has over 6 lakh employees working directly, as per the State government’s report and this might cross the 10 lakh mark in the next few years.
“The 44 per cent jump could be both fresh and lateral hiring – wherein employees switch companies in the same city. This figure needs to be corroborated with the attrition rate which is at 25 per cent on average. So, hiring is definitely on the rise and there is a huge demand for digital technology skills. Some reports also suggest that the digitally skilled workforce has grown from 8 per cent last year to 25 per cent this year. IT companies are keen to hire skilled workforce across new and emerging technologies,” says Bharani K Aroll, president, Hyderabad Software Enterprises Association (Hysea).
IT companies like MOURI Tech, Qentelli and Ivanti recently announced that they are looking to double and triple their headcount in Hyderabad. While the US-based MOURI Tech announced that they would be hiring 3,000 employees in the Hyderabad office in the next three years, Qentelli is looking at recruiting 300 people in its Hyderabad office in different technology roles. Similarly, Ivanti announced to double its headcount from 165 currently in Hyderabad.
Hiring Trends across cities
| City | YoY growth (Sept ’20-Sept’21) |
| Bengaluru | +38% |
| Pune | +22% |
| Hyderabad | +20% |
| Baroda | -12% |
| Jaipur | -24% |
| Kolkata | -29% |
Hiring Trends in Hyderabad
| Industries | YoY growth (Sept ’20-Sept’21) |
| Banking/Financial Services, Insurance | 22% |
| Engineering, cement, construction, iron/steel | 6% |
| IT-Hardware, Software | 44% |
| Production and Manufacturing | 7% |
| Functions | YoY growth (Sept ’20-Sept’21) |
| Marketing & Communications | 9% |
| Finance & Accounts | 32% |
| HR and Admin | 30% |
| Software, Hardware, Telecom | 33% |
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