By Divyanshi Sharma: The tech industry is going through a rough time at present with layoffs happening at a rapid place at companies. Be it large-scale companies like Facebook, Google and Amazon or mid-size companies and startups, employees are being fired in order to bring down costs and grapple with present market conditions. Millions of people have lost their jobs in the last couple of months and LinkedIn is full of posts from techies looking for better opportunities.
Amidst this, an Indian IT company has announced its plans of hiring around 6,000 professionals in the tech space. The company has its headquarters in Mumabi.
IT company announced hiring 6,000 people
Hexaware Technologies plans on hiring around 6,000 people and has 419 job openings posted on LinkedIn. The positions open are for its offices in Noida and Mumbai. One job posting is also in the Philippines.
“Hexaware is an automation-led next-generation service provider delivering excellence in IT, BPS and Consulting services,” the company’s LinkedIn bio mentions.
While speaking to Moneycontrol, the company’s EVP of global revenue assurance and chief learning officer, Senthil Nayagam said, “Earlier, joiners would have the ‘highest no-show probability’. Any shopping around with multiple companies was a random chance. However, this has changed now.”
He added that since most companies aren’t hiring in today’s volatile job market, Hexaware Technologies is ‘standing apart’.
“There is so much volatility in the market and most companies aren’t hiring. We are standing apart where we are still hiring and in decent numbers. The fact that the brand is recognized in the market, candidates think they should not lose the offer and they’re coming on board,” he said and added that the offer-to-joining ratio has ‘gotten better than the pre-pandemic levels’.
The Moneycontrol report also states that Hexaware isn’t forcing its employees to get back to working from offices and is following a hybrid work model.
Techies opting for lower salary, better perks
Meanwhile, according to a recent survey by job posting site Blind, techies are willing to accept lower salaries due to the present market conditions. However, that is not the only influence, as many tech workers are also prioritizing other, non-monetary benefits such as a healthy work culture and the option of working from home.
“This finding underlines the significant influence of current job market conditions on salary expectations, with 45 per cent of respondents citing this as the primary reason they would accept a comparable or lower salary for a new position,” the Blind survey states.
However, the survey also highlighted that employees working in the tech sector today want more than just a high-paying job. 56 per cent of tech workers said that they are ‘open to accepting the same or lower pay in a new role, provided the role fulfills another unmet need’.
“Engineers are lowering their salary expectations, but there is a newly heightened emphasis on non-monetary benefits, such as career growth, work-life balance, and company culture,” said a blog post by Blind.