The company had hired 10,000 candidates both from campuses and laterals in 2021, taking its workforce headcount from 15,000 to 25,000 in 2020.
The demand environment is highly competitive and healthy but good talent is always in short supply. While many of them are going to the startup sector that pays high paychecks, many with experience are also getting into the product side of technology, he added.
“Our hiring from the campuses will go up further, as we are expecting accelerated growth this year. Campus and lateral hiring will be 10,000 this year as well,” Srikrishna said.
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Srikrishna added that the large hiring is needed for one to offset the high attrition, which rose to 21.2 percent probably the highest in the industry — in 2021 from 13-14 percent in the previous year; secondly, to execute the massive $1.9-billion of order pipeline that the company has.
Hexaware, which earns a little over 70 percent of its $1-billion revenue (2021), has 75 percent of its people sitting in India and has 100 percent locals manning its offices in Argentina, Mexico, Warsaw in Poland, Amsterdam, Russia, and the Philippines, who together account for three percent of its 25,000 headcounts now.
Describing 2021 as an outstanding year, Srikrishna said their topline grew over 20 percent driven by 385 new client additions, which was the highest ever, led by healthcare, digital and consumer-facing companies.
“The US remains our largest market both in terms of billion and as well as profit, which prints in at about 70 percent,” Srikrishna said.
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