Information technology (IT) company HCL Technologies is looking to hire at least 45,000 fresh graduates in the financial year 2023 to address its increasing attrition rate and customer demand.
This projected figure is nearly double the 23,000 freshers hired last FY2022.
HCL CEO and Managing Director C Vijayakumar said that the company continues “to invest proactively to create a larger talent pool to address the demand.”
As of March 31, HCL Tech already has a total full-time headcount of 208,877.
The net hiring last Q4FY2022 was 11,000 globally, while for the full fiscal year – the net hiring stood at 39,900 employees. About 23,000 of these new hires are fresh graduates.
The goal of the tech giant is to recruit people who will assist in their future expansion plans, especially now that the company’s localization in the US stands at 70.9%, while in Europe stands at 80.5%, and APAC and the rest of the world (excluding India) stand at 88.9%.
HCL Tech expects revenue to grow between 12% to 14% in constant currency, while EBIT margin is expected to be between 18% to 20% for FY23.