New Technologies Drive Hiring In IT Sector: Survey

by CXOtoday News Desk    May 09, 2018

hiring

With deeper penetration of new technologies in the Indian market, hiring in the IT sector is likely to pick up the pace in another six months as the IT employers across the country are looking to hire bigger numbers of IT professionals. This was revealed by the IT Employment Outlook Survey for April-September 2018 of 500 IT employers, conducted by Experis IT-ManpowerGroup India. 

“Hiring intentions are slightly higher as businesses strive to keep up effectively with the pace of evolving technologies. Outlook for employment is better, with a lot of opportunities,” said Manmeet Singh, president at Experis IT, ManpowerGroup India. 

As quoted in Economic Times, Manmeet also informed, “Job opportunities are there, and employers are ready to pay for the right skill sets. It is up to the employees to fill this gap through self-training. The highest paid technology areas are big data analytics, machine learning and AI developers.”

As revealed by the survey, most of the companies are going to prefer candidates with a higher learn ability quotient, especially in the 0-5 years’ experience slab. The survey also stated that senior level hiring is going to witness a shrinkage as people management roles are slackening gradually and mid-level/senior executives are yet to catch up on the pace at which IT industry is transforming, both in terms of business and talent.

IT companies are focused on setting up innovation labs and design centres to further digital processes and operations which implies hiring will also be concentrated on talent that is job ready to deliver digital engagements globally.

Startups are expected to be the key contributors in generating employment in the Indian IT sector as most of them are working on the latest technologies including AI, Robotics, Blockchain, IoT, etc. Also, IT employment is likely to stem from non-technology firms as well since digitisation is pervading all the sectors. Various sectors like health and FinTech are going to hire talents that are efficient in data analytics and machine learning.

While we are talking about the hiring to fuel, the upskilling of employees poses a huge challenge.

“In a world of rapid frequent disruption, new skills emerge as fast as others become obsolete,” said AG Rao, group managing Director of ManpowerGroup Services India. “HR needs to invest in upskilling within their organisation to bridge the skill gap and make their existing employees employable.”