IT Hiring Moves From Scale To Skill In FY15

by CXOtoday News Desk    Jul 24, 2015

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India’s IT industry is banking more on online job portals and sociak media to recruit new talent during FY 2014-15, according to a Nasscom survey, which adds that the focus is shifting from scale to skill in terms of hiring and there is a strong digital impact on hiring models.

The survey reveals the reliance on the conventional models of campus recruitments, recruitment agencies and employee referrals has drastically reduced. Online job portals and social media accounted to 44% of the hiring while 22% was from employee referrals, 21% from recruitment agencies and 14% from campus recruitment.

Data Scientists, platform engineering, mobile apps, cloud and virtualization and user experience design were the top technology skills in demand, while the top domains in demand were Engineering, BFSI, mathematicians, healthcare, lawyers and economists. Those having leadership and influencer skills are also on demand.

TCS, Cognizant and Infosys have emerged as the top employers in the IT-BPO sector, according to a list of 20 leading companies released by the industry body. “About 1.25 million, little more than the one-third of current workforce of IT and BPO employees were employed from the top 20 firms during 2014-15 financial year,” Nasscom President R Chandrashekhar told PTI. 

Chandrashekhar believes that this year, the hirings would be around 2 lakh, which is around 6-7%, which is almost the same last year. The focus is currently on developing digital skills, which is also a challenge, and the industry is looking at meeting the challenge with rapidly scaling up such skilled manpower through trainings and other means. There are around 1.5 lakh people who are focused on the digital technologies at present.

The 20 companies include TCS, Cognizant, Infosys, Wipro, HCL Tech, Tech Mahindra, Capgemini, Genpact, Serco, Global Servics, Aegis, Mphasis, iGATE, WNS Global Services, Larsen and Toubro Infotech, CSC India, Syntel Ltd, EXL, Hinduja Global Solutions, Firstsource Solutions and Mindtree. The list was based on the headcount of firms with IT-BPO operations in the country as reported to Nasscom.

Nasscom states that instead of looking at numbers, focus is on higher skills and knowledge expertise. It is not age and experience which count any more. It is more of a digital impact and expertise, as Chandrashekhar stated, “The emphasis has moved from quantity to quality.