Huge scarcity of talent globally, says HCL Technologies’ Apparao

No matter what one does, attrition that the Indian IT services sector is witnessing will not come down as the demand-supply mismatch is very high, said Apparao V V, CHRO, HCL Technologies.

“Every company is sitting on deals that are three times what they see. Besides, the war of talent is for the people in the range of three-four years of experience, and again, that pool of people is finite. The only segment the numbers are infinite is in the 0-3 years’ experience. So everyone is ramping up recruitment from campus hiring,” said Apparao.

HCL Technologies too, has stated that they will hire 20,000-22,000 people from campuses for FY22. This is the highest ever hiring from campus that the company is doing.