Its raining in Job Market! Did you get you fair share of drops?

Looking for a job switch? Maybe it's the right time as “Its raining jobs in IT with handsome increments”

Last year has been pretty bad in terms of job opportunities for the people, be it companies announcing layoffs or people in general who didn’t want to switch in the unprecedented times. Seems like 2021 is giving back everything with interest as it has been reported that IT companies are hiring skilled professionals with chunkier increments and perks.

Why the hiring spurge?

COVID has raised demands for specific skills and hence the demand for talent has also increased. So, the organizations that have cracked deals for such skills with the clients are now fetching the needed talents with the warming salaries and increments.

Secondly owing to higher attrition rates organizations are now hiring back the needed pool of talent. TCS with the lowest reported attrition rate of 7.2% is expecting to get the percentage higher, Infosys reported a 15% attrition rate last quarter is expecting something similar, Wipro with a 12.2% attrition rate is expecting the figures to go up.

An organization like HCL is offering skill perks to keep the lower attrition rate.

What's being currently offered in the market 

On average if an IT employee is looking for the needed skills in the market is easily negotiating for around 50-70% on their current CTC. Also most probably they are holding multiple offers at the moment.

What are the magical skills?

Full Stack Developers, Big Data, Internet of Things, DevOps, Cloud Engineers, Data Science, Cyber Security, Artificial Intelligence, Machine Learning, Cloud Computing, Digital Transformation, and Automation are the skills that are in high demand.