Plans engineering teams in India, japan Indonesia, and Brazil
'Ups and downs' in global economy will not impact Indian industry for long, he says
After Twitter, Meta Platform too has announced massive job cuts. The Indian job market is also facing some heat, especially in IT services. How does the IT piece fit in the larger job market puzzle?
With the IT sector showing a decline, Bengaluru, Hyderabad and Pune showed a decline in hiring activity, according to the Naukri JobSpeak index
More than half of IT professionals (53 per cent) are likely to pursue a new position within the next year due to better compensation, a lack of training and development and a lack of work-life balance, according to a report. About 66 per cent of IT decision makers see skills gap in their teams even as there is a 10 per cent decrease from last year, according to Skillsoft's 2022 IT Skills and Salary Report. However, the industry is facing another pressing challenge centred around talent attrition, with more than half (53 per cent) of all respondents extremely or somewhat likely to look for a new job in the next 12 months, it added. Skillsoft's 2022 IT Skills and Salary Report based on a survey with nearly 8,000 respondents. The report further revealed that over the past year, the workplace has been defined by employee-led "movements", namely the Great Resignation and "quiet quitting". Meanwhile, the pace of digital transformation and lack of enough technical resources have pushed m
However, IT companies have also been strategic in the extent of hiring cuts that have varied from campus to campus
Retaining a business-critical talent has undergone a great change in the last two years, especially in the IT sector, with a significant percentage of the professionals considering not returning to the sector in the future, according to a report. According to leading tech staffing firm TeamLease Digital, employees' needs and priorities have changed, and they are re-evaluating their careers based on aspects like flexibility, career growth and employee value proposition. The report 'Brain Drain: Tackling the Great Talent Exodus' noted that the IT sector witnessed double-digit attrition rate of 25.2 per cent this year. The report shares the insights through more than 100 interviews across TeamLease Digital's leaders, IT contract staffing subject matter experts, and other stakeholders associated with the sector, combined with extensive research available throughout the sector. "The Indian IT sector has witnessed tremendous growth in the last decade. It has recorded 15.5 per cent growth
Wipro on Wednesday said it expects to hire about 30,000 freshers in FY23, as the IT services major strives to ensure that supply is not a constraint in managing the robust demand environment
In March, when Haryana first proposed the law, industries across the board expressed reservations about it
Prathidhwani, a welfare organisation of IT employees in Kerala, has come up with a scheme to impart training in technology and required skill set to enable freshers to get jobs. "The scheme provides training in technology and skill set required by the companies and provides an opportunity for the freshers to find better employment. We also share applicants' profiles to companies as per their requirements," Raneesh A R, President of Prathidhwani at Technopark in Thiruvananthapuram, said in a release. Those who register on the portal, www.jobs.prathidhwani.org will receive notifications of various technology workshops organised by Prathidhwani every month. These training sessions led by domain experts are being organized free of cost, it said "So far, Prathidhwani has conducted 90 training sessions in various technologies," Raneesh said, adding that anyone can participate in this training which is conducted online. So far 35,600 people have applied for jobs through the
The initial outlay was Rs 100,000 crore in ongoing schemes and Rs 13,000 crore in new schemes
The Andhra Pradesh government on Wednesday came out with the new 'AP Information Technology Policy 2021-24' that is expected to generate more than 55,000 jobs over the next three years
In FY20, 170,000 new jobs were added, while the net addition was 176,000 in FY19, shows a CARE Ratings report
Large IT services companies such as Cognizant, Infosys, TCS and Wipro are looking at reducing their headcount, mostly mid and senior levels
Firms have to move from just scale to building a smaller, more specialised talent pool
Bengaluru, 11 November After Tata Consultancy Services (TCS) introduced a 'National Qualifier Test' for recruiting engineering graduates, Infosys has launched a learning platform, 'InfyTQ', which it is planning to use for campus hiring."Earlier, due to absence of technology, our presence was limited to a certain number of colleges," says UB Pravin Rao, chief operating officer. "The platform was launched around nine months back and the idea is to use the data to hire fresh graduates."According to the information technology services major, all graduates from various engineering colleges are encouraged to register on this platform, where a lot of training material is shared with the students by Infosys. Certifications in various new-age technologies are also available on it, which students will get after clearing the examinations. "Anyone who has cleared our certification will be a strong candidate for us to recruit," Rao said.TCS launched its National Qualifier Test last year and says ..
Cognizant is also exercising tighter control over expenses through a number of measures, including a slower pace of hiring and reduced travel expenses
Analysts say that the challenging phase for the IT sector might now be over; companies could grow on a quarter-on-quarter basis
Lack of onsite opportunities, falling career prospects in IT firms seen as key reasons
Online education companies are seeing an increasing interest from the recruiters for placements from their job fairs and boot camps and others, especially in the digital, Artificial Intelligence (AI) and Machine Learning sectors. Some of the online service providers state that there is more growth in terms of both salary levels and the students getting recruited.With the placement season ongoing, engineering students who are adept in digital skills like AI, data analytics and machine learning are receiving better salaries than those who are only equipped with traditional skills this year, says Great Learning, one of the online learning companies in the country.The company has recently initiated a five-month intensive boot camp for freshers in digital skills, about 60 per cent of their batch has already been placed with an average salary package of Rs 5,60,000 per annum, compared to the Rs 3,50,000 per annum offered in the IT services industry. Several students with prior experience ...