Nasscom launches the Talent Supply and Demand report

Report to standardise and streamline the process for hiring and training

In an attempt to address issues relating to skills-gap, industry body Nasscom today launched a 'Talent Demand Supply Analysis' report for the Indian information technology (IT) and business process management (BPM) industry.

 

“The objective of this report is to standardise and streamline the process, both for hiring as well as training. and to facilitate a ‘job ready’ and ‘market ready’ scenario,” Nasscom said in a release. “Although nearly 12 million employable people are getting injected into the labor market every year, the industry is facing a shortage of the ‘right’ talent. This is a cause of concern because; this ‘right’ talent is imperative for India to maintain its leadership position in the IT-BPM industry.”

 

The report was released by Nasscom's 'Sector Skill Council' on the sidelines of its annual flagship three-day event India Leadership Forum that ends today.

 

There is a need for continued investments in skill development in order to help the IT-BPM industry's in retaining its global leadership position, Nasscom said. The report will look to provide a qualitative and quantitative analysis of talent demand and supply for the industry. It will focus on the number of professionals and skills required for the industry.

 

“Over the years, organisations across the world have come to recognise the value that India’s vast and readily available pool of IT professionals bring to every engagement. As India transitions to become a knowledge-based economy, it requires a new generation of educated, skilled and talented workforce,” said R. Chandrashekhar, president, Nasscom. “This report will address key issues of employability, by generating efficient workforce functions, employment opportunities, increase productivity and drive innovation and growth in the country.”

 

As per Nasscom, in 2013, the IT-BPM industry employed almost 3 million people, and generated revenues of over $108 billion. The industry accounts for almost 25% of the total exports and 11% of the total service revenues.