Infosys Recruitment 2021: 45000 college graduates to be hired by IT giant

IT giant Infosys is one of the leading mass recruiters in the information technology sector and has big plans of recruiting a large number of freshers in the company. As per media reports, Infosys is on track to recruit over 45,000 college graduates after a profitable quarter.

Bengaluru-based Infosys showed strong results for the quarter that ended on September 30 this year, which made it bump up its target of hiring college graduates. Earlier, the Indian IT giant was on track to hire around 35,000 college graduates, but due to a profitable quarter, the number has been increased to 45,000.

According to media reports, Pravin Rao, COO of Infosys, said, “In order to harness the full potential of the market opportunity, we are expanding our college graduates hiring program to 45,000 for the year. Simultaneously, we continue to strengthen employee value proposition including health and wellness measures, reskilling programs, appropriate compensation interventions, and enhanced career growth opportunities.”

The COO has earlier said that as the demand for digital talent is exploding, the rising attrition in the industry is posing a near-term challenge. Earlier, Infosys was on track to hire around 35,000 college graduates in the company for entry-level jobs.

Towards the end of the second quarter of the financial year 2021-22, employee attrition at Infosys stood at 20.1 percent on annualised basis as compared to year-earlier levels of 12.8 percent. The total number of employees at Infosys towards the end of September 2021 was 2,79,617.

Nearly 12 percent year-on-year growth was reported by Infosys in its consolidated net profit after minority interest for the second quarter of FY22. The net profit during this period stood at Rs 5,421 crore, while the net profit during the corresponding period of the previous fiscal year was Rs 4,854 crore.

As stated by Infosys, the operating margin for the quarter stood at 23.6 percent. The company further reported revenue of Rs 29,602 crore during the period under review. This overall growth of the company has increased its hiring capabilities, and thus, over 45,000 college graduates are set to be recruited by Infosys this year.