“Additionally, we should emphasise practical and hands-on knowledge to create a more relevant workforce.” “Our university course curriculum should be updated both in terms of relevant and up-to-date content on the latest technologies,” says Ms Kannan. If this can be achieved, it will help to lift many people out of poverty and boost the country's economic growth, Mr Garg says. “I strongly feel that if the government can introduce better programmes in government schools or incentives for private organisations to prepare underprivileged for the digital talent, then we can easily add 10 million skilled workforce in the next few years.” “India is growing as a digital economy but there is still a very large subset of the population that is not exposed to digital revolution or technology,” says Shankar Garg, Middle East and Africa managing director at IT consultancy Xebia. The talent shortage comes even as unemployment levels have risen in India due to the impact of the Covid-19 pandemic and various curbs that were put in place over the past two years.Įven before the pandemic, unemployment levels were uncomfortably high in a country which has a large, young population, with millions of people entering the workforce each year.Įxperts say that if India can ensure that more people are equipped with the skills needed by the IT industry, this issue can be at least partially addressed. “This needs to be addressed for managing growth better.” “The issue is that the graduate fresh hires are not job-ready and there is a fair bit of investment to be made on communication and technology skills,” says Mr Harish. One of the main problems companies like Maveric face is that graduates often do not possess the skills required. The same talent pool is being targeted by all potential employers and this adds to the hiring complexities.” “In addition to an influx of new players, the existing players are also growing and adding experienced professionals to their workforce. “It is becoming increasingly difficult to hire as India continues to grow significantly,” says Mr Harish. ![]() But it is a daunting task in the current market. Harish TR, chief human resources officer at Maveric Systems, says his tech company plans to hire 1,000 people within the next year, including software professionals, spread across the cities of Chennai, Bengaluru and Pune. Industry insiders say roles that are particularly hard to fill include developers, engineers and cloud architects. “The pace of digital adoption and engagement has created an unprecedented demand for skills.” “Finding and hiring the right skill set is a challenge and a concern for IT organisations,” says Sumit Kumar, vice president at TeamLease Skills University. When they do manage to find the right person for a role, companies have little option but to pay more. “Also, after releasing an offer, there are major chances that candidates take cross offers from other companies and do not join.” “Today, a prospective candidate seeks not only lucrative compensation but also flexibility and avenues for growth and continuous learning. “The rising attrition rate is a warning sign,” says Shrishti Bhandari, executive director and chief marketing officer at Mangalam Information Technologies, which is hiring for positions including data miners, developers, and desktop and network engineers. Industry insiders say salaries have jumped by 50 to 100 per cent in some cases during the pandemic. This gap has led to the IT sector facing very high attrition rates, with employees demanding much higher salaries. ![]() Tejas Kulkarni, the co-founder of SheWork, which focuses on hiring for women in the tech sector, agrees that “we have seen increase in demand among companies in the IT sector in India … from start-ups to large corporates”. The need for talent has grown significantly due to massive post-pandemic investments by enterprises in digital.” “This talent gap is even wider for critical and niche skills and is a cause of concern. “There is a huge gap between talent demand and supply,” says Srividya Kannan, founder and director of digital solutions consultancy Avaali Solutions. In the current financial year, the three biggest Indian IT companies - Infosys, TCS, and Wipro - are expected to offer 105,000 job opportunities, according to the India Brand Equity Foundation. IT companies are already struggling to find the right talent, especially as tech start-ups have mushroomed across India. The projected growth is going to mean even greater demand for IT workers.
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