Wipro to double its recruitment volume from university campuses this year

30 January 2019 Consultancy.in

In order to match the growing demand for its services across India and abroad, Indian IT services giant Wipro has announced its intentions to double the volume of recruitment from university campuses over the course of 2019, representing a reversal of the firm’s strategy in recent years.

In its current form, Wipro exemplifies an IT firm that has successfully navigated the challenges posed by digital disruption. Since the rise of industry 4.0 technologies, Wipro was among several IT firms that found their traditional suite of services becoming obsolete, as the average familiarity with IT systems increased.

Clients were no longer in need of IT systems architecture and maintenance, which comprised the majority of Wipro’s service offerings. IT services firms are now expected to offer end-to-end digital strategy and implementation support in various industry 4.0 domains, including artificial intelligence, cloud services and Internet of Things, among others.

A consequent dip in revenues caused Wipro to reduce its spending and cut down significantly on its hiring – a strategy that it has now reversed. Having reoriented its operations to lay greater emphasis on digital services, the firm’s fortunes appear to have turned around.

Wipro to double its recruitment volume from university campuses this year

The firm’s business and financial services vertical became the most lucrative department, boosting its revenues by as much as 2% in the last quarter, and taking its overall profits up to nearly $308 million for the quarter. The growth exceeded the predictions put forth by most experts.

As a result, the firm is now in a steady stream of business and requires the manpower to meet this increasing demand. Moreover, in line with most companies’ recruitment strategies in recent months, Wipro will lay strong emphasis on skills and expertise in various digital fields during its recruitment process.

Not only is the firm now looking for specific skills in its new recruits, but it also plans to step up its volume of recruitment over the next year, particularly from university campuses. Over the course of last year, the firm is reported to have hired fewer than 10,000 students from campus.

The year, the firm plans to recruit twice as many professionals, not only in India but also across the firm’s international markets, which include the US and Australia. “We had seen a dip in our hiring. Now, we are doubling from previous years,” said Chief Human Resources Officer at the firm Saurabh Govil.

Profile

More news on

×

Deloitte to double Hyderabad staff to nearly 80,000 in the near future

14 February 2019 Consultancy.in

Global professional services firm Deloitte has revealed gargantuan plans for the Indian market over the next half a decade, indicating that it might add as many as 40,000 professionals to its staff in the country. The new professionals will join the firm’s Hyderabad outfit, which already houses 40,000 employees.

Big Four rival KPMG’s announcement last month that it plans to recruit 9,000 employees in the near future has now paled in comparison, as Deloitte’s plans scale four times that volume. The plans come amid a wave of recruitment amongst consulting firms in India, as they look to cope with rapidly expanding demand in the market. 

Hyderabad is currently the firm’s centre of operations in India, supported by a number of innovation centres and housing as many as 40,000 employees already. The biggest operations in India aside from Hyderabad are in Mumbai, Bengaluru and Delhi, which collectively house between 9,000 and 10,000 professionals.

The firm now plans to double its staff in Hyderabad over the next 3 to 5 years, taking it to a staggering 80,000 professionals. The plans were revealed by Technology, Media and Telecommunications leader for Deloitte India Hemant Joshi, which indicates the department where most of this recruitment will be concentrated.

Deloitte to double Hyderabad staff to nearly 80,000 in the near future

The new recruits, according to Joshi, comprise of “a lot of engineers and software professionals,” which will mostly be recruited from academic institutions and other firms in the country. Deloitte has previously demonstrated its comfort with poaching talent from its rival consulting firms in India.

The focus on the technology domain is consistent with the trend across the consulting and IT services industries in India, which are all attempting to develop their in-house expertise in a range of Industry 4.0 domains. These intentions are driven by the demand for support in these domains among firms from all sectors in India.

As the population in India becomes increasingly digitalised, most businesses are under pressure not only to find a way of selling their products and services on the online domain, but also to design digital marketing campaigns and strategies that will reach all the new online users in India.

Deloitte is looking to tap into this market with full force, and will deploy most of this new strength towards its Industry 4.0 services. “We are building (facilities in Hyderabad) ahead of hiring and we are hiring as rapidly as we can,” said paul Sallom, Global Leader TMT Leader for Deloitte.