More Jobcuts In Que For India's IT Industry
Indian IT companies are buckling up for another round of layoffs while trimming the number of new hirings at the same time, as per a survey by The Experis IT Employment Outlook Survey from Experis IT-ManpowerGroup India.
The survey for October 2017-March 2018 also highlights that hirings have witnessed a drop of 8 percent compared to the last quarter and 23 percent as compared to the first quarter of FY 2017.
The IT industry is eyeing for adjusting its workforce via a considering
The hiring plans of IT services companies have plunged sharply while the incase of captive organisations it has went up by a significant margin.
While the biggest labor market is expected to come up in the southern region, which secures an employment outlook of 20%, followed North and West, the eastern region stands at the bottom of the list with the outlook at 2%.
The highest demand is being reflected by job roles in the 0-5 experience category with about 280 organisations out of 500 showing interest in hiring people in this age group, While about 205 companies are reflecting positive intentions to hire professionals in the mid level job domain(5-10 years of experience).
While a mere 3 percent are willing to hire professionals for senior job roles. When it comes to skill sets and practice areas,then cloud computing and SaaS are witnessing the maximum demand for new professionals followed by Big Data and analytics.
Machine learning, Mobility and Global Content Solutions come third on the demand list.
''Technological disruption is real and ubiquitous. While innovations have unlocked tremendous growth opportunities, they also demand a lot of reskilling and upskilling on the part of employees and organisations,''said Manmeet Singh, president, Experis.
"Those with the right skills will increasingly call the shots, create opportunities and choose how, where and when they work. Organisations also need to invest in employees' skills to increase the resilience of their people. Individuals and fresh graduates also need to nurture their learnability: their desire and ability to learn new skills to stay relevant and remain employable," added Singh
A major number of employers surveyed also said that they are seeking for trained freshers which are already skilled as per the market requirements and usgae of latest technologies and can hit the work floor asap.
"Today, we stand at the brink of digital transformation and the current economic climate demands upskilling. Digital technologies increase the need to adapt even more quickly to disruptive new applications and services. Technology will continue its foray in mainstream business to drive and grow the business,'' said AG Rao, group managing director, ManpowerGroup India.
''Technology continues to disrupt, creating new jobs and radically changing others. Employees need to take extra efforts towards skilling to be able to adapt to new technology," added Rao.