Defined career and growth plans, compensation and benefits and a culture that fosters innovation are among the most critical factors to retaining and nurturing talent in the IT sector. This is according to a survey of HR leaders from the IT sector by Randstad, a staffing solutions provider.
A majority of respondents (95 per cent) in the survey agreed that talent analytics will play a critical role in sourcing and retaining talent over the next 5-10 years, followed by flexible working options (91 per cent) to attract increasingly mobile talent, and increasing automation (82 per cent) that will shift the talent needed in an organisation to highly skilled roles, Randstad said.
According to 22 per cent of HR leaders polled by the survey, employer value proposition will be a key investment area in the IT sector over the next 24 months, followed by investments in technology tools to automate.
Moorthy K Uppaluri, MD and CEO of Randstad India, said, "The IT sector, one of the largest employers of the country, is a significant contributor to the GDP. It continues to be a critical driver for the knowledge-driven Indian economy, where the dependence and cost of the 'people' component has significantly increased."
Among the other survey findings, 56 per cent of the HR leaders from the IT sector in India mentioned that HR is fully aligned with their organisation's vision and strategy.
"Getting the right talent is at the top of a CEO's agenda and owing to the criticality of this, HR has clearly earned a place in the boardroom today. The role of HR is more important than ever," he added.
The respondents mentioned that HR are fully aligned with their organisation's vision and strategy, while less than a third said HR is a strategic partner to business, the survey found.
"Getting the right talent is at the top of a CEO's agenda and owing to the criticality of this, HR has clearly earned a place in the boardroom today. The role of HR is more important than ever," Mr Uppaluri added.