HCL Tech Share Price Live Updates: HCL Tech's closing price today is Rs 1530.4
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Time of India
2 days ago
- Time of India
AI talent gap: Savvy freshers bag 4x more pay
Representational Image BENGALURU: Technology companies are facing a significant shortfall in AI-specialised talent, with just 15-20% of the workforce trained in artificial intelligence. This has prompted a shift in hiring strategies across the sector. From major IT services firms like HCLTech to digital engineering players like Publicis Sapient and emerging AI startups such as StaqU, the message is consistent: the available talent pool is struggling to match the rapidly growing demand. "There just aren't that many people in the market with AI skills," said Shefali Sharma Garg, chief people officer at Publicis Sapient. "Our approach is to hire agile talent who can evolve as AI matures. It's moving fast, and adaptability is key." The most sought-after roles include engineers skilled in building, training, and deploying AI models, as well as professionals capable of working alongside intelligent systems to drive business outcomes. As a result, compensation for individuals with specialised AI expertise has spiked. HCLTech reports offering up to four times the standard entry-level salary for freshers with niche AI competencies. "We focus on quality over quantity," said Ramachandran Sundararajan, chief people officer at HCLTech. "Roughly 15-20% of our campus intake this year will be specialised hires, and we're happy to expand that if more candidates meet our benchmark." AI skilled freshers At Gurugram-based AI startup StaqU, the recruitment model revolves around hiring young, self-taught engineers - even before they graduate. "We don't hire based on years of experience," said Atul Rai, CEO and co-founder. "We evaluate GitHub contributions, community feedback, and research output. Someone with two years of hands-on GitHub work in AI is more valuable to us than someone with two decades in Java." Yet, sourcing such talent remains a challenge. Rai highlights a broader issue: India's limited research infrastructure and funding prevent it from building foundational AI models on par with countries like the US and China. "We're not building LLMs. We're building applications on top of them - and for that, we need adaptable AI engineers, not just coders," he added. The shortage is also evident at E2E Networks, a cloud-native company empanelled by MeitY. "AI has no fixed curriculum. What's in demand today didn't exist two years ago," said Mohammed Imran, CTO of E2E. "Only two out of 10 candidates clear our AI hiring process." This gap is mirrored in broader industry data. According to a recent Bain & Company report, AI-related job postings have grown at an annual rate of 21% since 2019, with salaries rising by 11%. Still, the supply of skilled professionals hasn't kept pace. Bain projects that India's AI industry will generate 2.3 million jobs by 2027. However, the talent pool is estimated to reach just 1.2 million-leaving over a million positions to be filled through upskilling and training initiatives. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
3 days ago
- Time of India
Tech outlook: Indian IT firms face margin heat as AI impact meets macro slowdown; companies delay hikes, cut costs and chase deal conversions in negotiator's market
AI image India's top IT firms are grappling with a squeeze on margins amid persistent macroeconomic headwinds and rising pressure from AI-driven productivity improvements, with the first quarter of FY26 reflecting a shift to aggressive internal cost control measures, analysts said. From deferring pay hikes to trimming sales and admin costs, companies are pulling all levers to sustain profitability as deal momentum remains weak. Experts believe the pressure on margins is unlikely to ease in the near term, even if revenue improves modestly due to pent-up demand, according to an ET report. 'The sector is entering a negotiator's market,' said Nitin Bhatt, technology sector leader at EY India. 'Margin pressures will worsen with investments in new sales and go-to-market motions, solution-building, reskilling, and in some cases, discounts to protect the current estate.' AI-linked pricing changes are further complicating margin dynamics. 'IT firms are shifting from time & material to outcome-based pricing for AI projects, linking fees to business impact like cost savings or efficiency gains. This may pressure short-term margins but promotes high-value, long-term engagements,' Bhatt said. Brokerage firm Emkay Research cited HCLTech's management commentary noting generative AI's impact: 25–30% efficiency gains in software development, up to 50% in business processes, and up to 75% headcount reduction in contact centres due to conversational AI. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like A genetic disorder that is damaging his organs. Help my son Donate For Health Donate Now Undo For the first time in several quarters, HCLTech revised its margin guidance downward—from 18%-19% to 17%-18%—which analysts flagged as a negative surprise. 'Margin guidance came in as a negative surprise to the Street since HCLT has been keeping margin guidance intact despite changes in revenue target for the past few quarters,' said Elara Capital. At Tata Consultancy Services (TCS), rising employee costs—due to fresh hiring and mid-quarter benefits—impacted margins by 80 basis points in Q1FY26. Employee cost now forms nearly 59.45% of TCS's revenue, even as attrition remains elevated at 13.8%. 'FY26 is margin protection and margin expansion year,' said Gaurav Vasu, CEO of UnearthInsight. 'Growth, especially in the US and core verticals, is weak across the board. Large deal wins are not yet translating to revenue acceleration, so lead indicators (pipeline, bookings) matter—but execution and conversion will be critical in H2 FY26.' Vasu said top-tier IT companies are resorting to tight operational controls, including deferring salary hikes, cutting variable pay, and closely managing bench strength. He forecast modest revenue growth of 3–5% for FY26, with geopolitical risks, US tariffs, and a slowing global economy delaying recovery in client spends. Stock research firm InCred Equities noted that client delays in finalising long-term digital deals were increasing. 'Deal conversations are underway but advisory-led proposals with long-term roadmaps have complex constructs and are elongating the decision timeframe,' it said. While the deal pipeline is robust, it remains a 'negotiator's market,' InCred added, where agility and pricing flexibility are critical. Clients continue to demand 'more for less'—optimising legacy spends to fund smaller AI-led projects. This shift is driving vendor consolidation and heightening competitive pressure. 'Building margin expansion for FY26F could be aggressive,' InCred warned, citing tighter client budgets, slower staffing cycles and intense competition. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
3 days ago
- Time of India
HCL Tech Share Price Live Updates: HCL Tech's closing price today is Rs 1530.4
21 Jul 2025 | 03:39:26 PM IST Discover the HCL Tech Stock Liveblog, your go-to destination for real-time updates and comprehensive analysis of a top-performing stock. Keep track of HCL Tech's latest details, including: Last traded price 1530.4, Market capitalization: 415082.21, Volume: 3368078, Price-to-earnings ratio 24.47, Earnings per share 62.56. Our liveblog offers a holistic view of HCL Tech by examining both fundamental and technical indicators. Stay ahead of market trends with breakingnews that can impact HCL Tech's performance. Our market analysis and expert opinions provide valuable insights to guide your investment decisions. Join us on the HCL Tech Stock Liveblog and stay informed in this dynamic market landscape. The data points are updated as on 03:39:26 PM IST, 21 Jul 2025 Show more
