The clash of titans TCS, Wipro, and Cognizant and techies choose the best high-paying tech companies

The three biggest employers in the nation, TCS, Wipro, and Cognizant, intend to hire about 1 million additional employees this year. In contrast to merely 31,000 workers hired by the three firms in 2020, they made a record-breaking 1.7 lakh hires in 2018. There's high demand for high-paying tech companies.

The rise in the demand for qualified personnel and the ensuing rise in employee turnover may be cited as the main causes of this hiring frenzy. Although the IT and BPM sectors in India employ over 4.5 million people, there is a shortage of software engineers and good techies. The best company for good techies can't be known until we get to know what these firms are offering. The demand for the right young talent surges when businesses shake hands on large and lucrative transactions, leading to significant hiring sprees. TCS vs Wipro vs Cognizant has bagged big deals respectively.

The largest employers of software engineering talent in India are service-based multinational corporations (MNCs) like Infosys, TCS, Wipro, and Cognizant, which are responsible for India's IT boom. If having a name outside the tech industry is important to you, they offer that.

For the majority of Indian techies, these businesses serve as stepping stones. If you are unable to enter any of the aforementioned possibilities, these are good locations to start because of the low salary. They offer excellent training as well, which may be helpful if you lack any prior technical experience.

They have a 3-month notice period and lengthy bond periods, which make them unpopular. A lot of workers are also kept on the sidelines, given support jobs, or assigned tasks that can restrict their future development.

Even while attrition rates are still on the rise, hiring initiatives appear to be boosting spirits in Indian IT organizations. Many businesses are aggressively hiring to close the demand-supply imbalance as the need for digital services rises rapidly.

According to a survey, by 2026, the demand-supply gap for digital technology is predicted to have grown by over 3.5 times, to between 1.4 and 1.8 million. One of the most difficult things for businesses undergoing a digital transformation or helping their clients on their digital transformation journey is finding the properly trained talent.

It is for techies to decide what is best for them, in this article we give some insights on the companies and techies can choose accordingly for their future endeavors.

TCS

With 5,56,986 tech professionals employed by Tata Consultancy Services (TCS) in 46 countries, the company is one of the largest employers of people in the technology industry worldwide. In the first half of fiscal 2022, TCS hired 43,000 new employees. To retain talent and stop the turnover rate from soaring, the corporation recently made headlines for its plans to offer promotions and pay raises to 1.1 Lakh of its employees.

The TCS Off-Campus Freshers Hiring Drive is currently in its second phase. The organization is looking to hire engineering graduates who earned their degrees in 2021 or 2020 (B.E./B.Tech/M.E./M.Tech).

WIPRO

The IT behemoth Wipro is well renowned for giving young computer professionals a fantastic start in their careers. According to the corporation, it expects to hire over 70% more, new employees, from campuses in FY22 than it did in FY21. In a recent announcement, Wipro's president and CHRO Saurabh Govil announced that the company plans to hire 30,000 new employees in FY23, up from an estimated 17,500 in FY22. Through its "Elite National Talent Hunt 2022" campaign, the corporation is actively hiring fresh B.Tech graduates. Project Engineer is the title that will be made available, and the chosen applicants will receive an annual salary of 3.5 Lac.

COGNIZANT

To offset the company's high attrition rate, Cognizant's CEO, Brian Humphries, revealed that the company plans to hire more than 45,000 B.Tech graduates in 2022. "As said in the remarks for the previous quarter, we anticipated that attrition would increase sequentially in Q2, and it did. On an annualized basis, voluntary attrition for the second quarter was at 29% or 18% over the preceding 12 months. The CEO of the company stated, "Our attrition metric captures the entire company including trainees and corporates across both IT services and BPO.

As the pandemic's impact has diminished (although the new Covid-19 version of Omicron is putting pressure on the firms to select the future course of action), Indian IT companies have started looking for recent grads and are on a hiring rampage. The attitude toward recruiting new employees is gradually increasing across industries, with the IT sector alone offering 31% of entry-level positions. In the first half of 2021–2022, more than 250,000 new employees have been hired.