Wipro Chairman Rishad Premji<\/a> on Tuesday acknowledged the talent crunch in the technology industry and said that it presented a great opportunity for job creation. His remarks come amid the huge talent shortage companies face even as demand continues to rise.<\/p>\n Taking to Twitter, he wrote, “The technology industry in India now employs over 5 million people and added 45 lakh new jobs this year. And yet the talent crunch is real! What a great opportunity this presents for new job<\/a> creation!”<\/p>\n Speaking about job retention, Premji had said at an event back in January, “The number one challenge companies have right now is talent. So any company that can win the war for talent will be the winner.\u201d<\/p>\n Rishad Premji said, \u201cAt some level, there is such a huge mismatch today between demand and just availability of supply.\u201d<\/p>\n Premji also said, \u201cThere\u2019s a lot of effort being put at multiple different levels and we were spending an inordinate amount of time and money trying to reskill and upskill people.\u201d<\/p>\n To meet the demand, Wipro is doubling up its fresher hiring and is looking to add 17,000 new joininees in financial year 2022, up from 9,000 in the previous year.<\/p>\n Other companies in the information technology sector have also increased their talent intake. The top four IT firms together have doubled fresher hiring to 1.6 lakh in financial year 2022 from 82,000 in the previous year. Companies are also facing severe attrition, resulting in wage inflation.<\/p>\n