HCL wants to increase the proportion of freshers in its future hiring by 70%.
Hiring Plans And In-Demand Skills
It wants to focus on hiring those possessing “new-age skills” in the areas of cybersecurity, digitalisation, IoT and Cloud
Last year out of the total number of people hired, 40% were freshers and the rest were laterals.
Chief human resources officer Apparao V.V. said that his firm aims to change this in the next 2 years.
He explained that the reason for the shift is that their successful projects have involved the aforementioned new-age skills .
In 2020-21 14,500 freshers were hired, a number HCL wants to take to 20,000 globally this year.
HCL’s Approach To Talent
Apparao shed some light on his company’s 2-way approach on talent.
On the one hand, they are upskilling and training the existing employees.
On the other hand, they are working on hiring fresh graduates who can be molded into what the organisation needs.
The second approach is made easier by the flexibility of the fresher hires since they don’t have the baggage of any past learnings.
So they can take in new learnings much easier and quicker.
The company was also constantly on the lookout for new skills depending on incoming business that it encourages its employees to teach themselves.
President and CEO C. Vijayakumar brushed off concerns of any impact on business from the client market perspective of the 2nd wave of the pandemic.
He said that the most significant impact was felt during the 1st wave.
The situation is still concerning and the company is keeping an eye on it on a daily basis and planning on how to manage and help its affected employees.
The company is also looking to expand into international territories such as Germany, France, Canada, Australia and Japan while strengthening its presence in Mexico, Brazil and Spain.
On the topic of acquisition plans, Vijayakumar said that given the large amount of present demand, the focus is on organic growth.
But they are also open to building new capabilities should the right opportunities and areas come along, especially in new countries the firm has its eyes on.
He further stated that they spend $200 million yearly on R&D for modernisation and unveiling of newer versions of HCL tech products.