Employment Status In IT Industry

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For different peoples the meaning of the word ‘employment’ is also different.For most people, employment means having a unified job in the community, which means a simple job just like everyone has. Some people choose different options for them like self employing or having their own business. But these options come with some limitations as these options cannot fulfill their demands of earning money or the type of work they want to do generally. Best practice emphasizes individual employment options.

By seeing past records, IT sector has produced massive employment and provide the jobs continuously. With social media, online shopping and cloud computing prospering more than ever before, the demand for IT professionals in e-commerce has increasing rapidly. In 2013, TCS hired 20,000 fresh graduates from all over India. Other organizations like Wipro, IBM, Infosys, and Dell are also added highly to the employment rate. After Bangalore which is the silicon city of the country, Pune is amongst the top 3 preferred cities for these tech jobs and also on a hiring sphere. Cities like Hyderabad, Trivandrum, Chennai, Delhi-NCR, and Mumbai are also providing jobs to a huge number of IT students.

The IT and ITeS sector are likely to grow 12-15% in the year 2014. The year 2015 has come like a bonus for the job seekers as there are 9.5 lakh new jobs in different sectors. This year fresher get more opportunity than last 2-3 years and Indian companies are likely to offer average pay hikes of 10-18 per cent which is the second best in Asia. According to a report by the Boston Consulting Group (BCG) and Internet and Mobile Association of India (IAMAI), Internet economy of India is expected to touch Rs 10 trillion (US$ 146.72 billion) by 2018, accounting for 5 % of the country’s GDP.

Government offers new and immense opportunities to the IT/ITeS companies, as a result number of MNC’s are investing in India. Companies like HCL Technologies, Tata Consultancy Services, Cognizant Technology Solutions, Accenture, Delloitte Consultancy, Amazon and Microsoft Corporation among others are highly investing in Indian projects now.

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