Sunday, May 5, 2019

L&T's software arm to hire 3,800 freshers as it sees order book swelling

Engineering major L&T's software arm LTI will be hiring around 3,800 freshers this fiscal as it expects the business to grow at a faster clip, a top official has said. The company is working at a very high utilisation level now and wants to hire more to get down the level, chief executive 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. 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. However, industry executives keep expressing concerns over the quality of

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