Engineering major Larsen & Toubro’s IT arm Larsen & Toubro Infotech is expecting some big-ticket projects this year and has recently confirmed that they have announced a major push in recruitment. L&T Infotech Ltd. will be hiring around 3,800 freshers this fiscal as it expects the business to grow at a faster clip.
According to a news published in Bloomberg, Chief Executive Officer Sanjay Jalona has shared company’s recruitment plan with PTI. The company is working at a very high utilisation level now and wants to hire more to reduce the level, Chief Executive Officer Sanjay Jalona said. “We will be hiring 3,700-3,800 freshers this fiscal year as against the 3,000 freshers we hired in FY19,” he told PTI over the phone.
Additionally, it will also hire laterally as well as per project requirements on a “just-in-time” basis, he said.
According to Bloomberg, when asked whether the necessary talent is available on call, especially given the fact that a lot many companies are depending on the just-in time hiring model, Jalona said talent is the biggest issue which keeps him awake and the concerns have only aggravated lately.
In FY19, the industry added 1.7 lakh new jobs, according to industry lobby Nasscom.