Government extends WFH terms for IT and ITES companies

On Tuesday, the government extends WFH terms for IT and ITES companies. As part of this, the extension is applicable until December 31st.

Government extends WFH terms for IT and ITES companies

Last night, the department of TeleCommunications tweeted this same. The tweet says that the Government extends WFH terms for IT and ITES companies until December 31st.

As of now, 85% of the total IT employees are working from home. The employees who are performing critical activities are working from offices. In March, the Department of Telecommunications extended the norms until April.

These were further extended to July and now finally extended until December 31st. As the number of cases of the corona is increasing day by day in the country, the employees are preferring to work from home

Also, read: Headcount of the top 4 IT firms fell by 9000 in Q1

Also, almost all the companies are asking their employees to continue to work from home. Some companies like Infosys, TCS, etc are working on models to enable their employees to permanently work from home.

Their motive is to not let 100% of the total employees work from offices, at any given time.

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Headcount of the top 4 IT firms fell by 9000 in Q1

The headcount of the country’s top 4 IT firms fell by 9000 in Q1. TCS, Infosys, HCL, Wipro has fired more people in Q1 than they hired. The decline in attrition, delay in hiring laterals, and reduction in hiring the freshers are some of the main reasons

Headcount of the top 4 IT firms fell by 9000 in Q1

These firms have around 10 lakh employees working for them. This is one-fifth of the total IT sector’s current number of employees. In the previous year, for the same time, these companies added 22K more members to their workforce

Individually, TCS hired 5000 fewer number of employees, Infosys about 3000 fewer, Tech Mahindra, 1000 fewer number of employees. Meanwhile, HCL’s hiring reduces by only 150 people

During the presentation of the Q1 results, these IT firms said that the lateral hiring would be frozen and fresher onboarding will be reduced for the next fiscal year.

Fresher onboarding, which usually happens between April and June is highly reduced due to the COVID pandemic.

On the subject of attrition, several consulting companies say that this is all performance-related attrition and not due to the COVID. The hiring figures this year are not close to what we saw last year. Last year, these companies hired more freshers.

Also, read: Linkedin slashes 960 jobs globally

HCL’s Chief Human Resources Officer says that the company usually hires about 3500-4000 laterals per quarter. However, this time the company has hired only 2000 in the first 3 months of this fiscal year.

How companies want to overcome this

Also, the companies are looking to re-skill, up-skill their employees to promote them into different positions. The companies see this as a feasible option to handle the job cuts and attrition

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Also, read: No salary appraisals for HCL employees in 2020
Cognizant wants ‘phased returns’ to offices
Indian IT companies open up lateral hiring