There has been a tremendous boom in talent in recent times IT industry Which has disrupted the demand-supply balance of the ecosystem to some extent. As per a report by Quess, Mint reports, this has forced many organizations to focus on both talent attraction and retention. It is being dubbed the ‘Great Resignation’ period by some experts. It should also be noted that IT sector jobs have been at an all-time high Recruitment The number of skilled professionals has increased from pre-Covid levels to 52 percent. It was also informed that as per the Quess report data, the hiring for June 2021 has increased by 163 per cent year-on-year.
Major cities of India like Bangalore, Hyderabad and Pune where IT companies Densely present, hiring activity has seen double-digit growth. This points to a similar revival of more jobs in this sector. The IT industry is sustaining this growth trend of increased recruitment through introducing a constant demand for skilled persons working in this sector.
Vijay Shivaram, CEO of Quess IT Staffing, said these developments were most visible in the changing landscape of India Inc, where they were adding more global capacity centers across India, as well as in Tier 2 further expansion of existing firms. were expanding. 3 cities. However, he added that with the growing need for remote talent, these companies are looking beyond just India and looking to explore other APAC countries such as the Philippines, Vietnam and Sri Lanka.
Another point that needs to be noted is that while these companies are working on transforming their legacy systems and building next generation platforms and processes, the demand for talent in technology skills is growing rapidly. . New-age HR solutions such as Hire-Train-Deploy help bridge this demand-supply gap through focused, skill-based resource hiring.
Shivaram was reported as saying that while these macro factors fuel the industry’s sails, there is also a significant change that needs to be seen at the micro level. Newly-talked about terms like ‘workforce skilling’, ‘resource management’ and ‘automated talent acquisition process’ are apparently making a difference and paving the way for new business agendas.
The hiring data for the period between March to August 2021, obtained from the report, has suggested that there has been a demand for talent with digital skills like full-stack, React JS, Android, Angular JS and cloud infrastructure technologies, cyber security etc. . Growth from October to March 2020-2021.
As is the case with recent events, the COVID-19 and pandemic have been the biggest influencers for the shift to digital boardrooms and remote hiring. Some of the top IT companies like Tata Consultancy Services (TCS), Infosys and Wipro said they want to hire over 1 lakh college freshers in this financial year. It was announced in July this year. For example, TCS was looking to hire over 40,000 freshers within the financial year 2021-2022.
On the other hand, according to a statement issued by Chief Operating Officer, Praveen Rao, Infosys was looking to hire around 35,000 college pass-outs from across the world for FY12. “As the demand for digital talent accelerates, the growing shortage in the industry poses a near-term challenge. We plan to meet this demand by increasing our hiring program of college graduates to 35,000 globally for FY22,” said Rao.
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