November 10, 2014 1 www.crisil.com November 10, 2014 Mumbai Incremental IT services jobs will halve in four years For future job aspirants, this will mean fewer opportunities and adding to skillsets Changing business models of vendors will lead to cherry-picking and more lateral hirings CRISIL believes incremental recruitment by the information technology (IT) services industry, which accounted for nearly a quarter of the organised private sector employment in India in fiscal 2014, will halve by fiscal 2018 despite a 13-15% growth forecast in the industry’s revenues during this period. This contrasts with the hiring pattern of the last decade, which had mirrored revenue growth in the industry. The paradigm shift will come as IT services vendors struggle to crank up profitability in a milieu where global weakness is forcing their clients to optimise costs to hold on to margins. On their part, vendors responded by rationalising their bench strength, improving utilisation rat...