- Mid-level positions in Indian IT sector seen most at risk
- 1.4 million mid-rung employees at centre of reskill talks, says expert
- Many companies focussing on hiring freshers, training them, she adds
Mid-level positions in India's IT sector are most at risk as the industry grapples with changes in the technological landscape and stringent visa regimes in many overseas markets, according to a top executive of staffing firm TeamLease. There have also been reports of layoffs by many IT companies, even though the industry has denied the allegations. "The nearly 1.4 million mid-rung employees, who typically have 8-12 years of experience, are now at the centre of reskill and restructuring conversations happening across the sector," says Alka Dhingra, Assistant General Manager, IT vertical, TeamLease Services.
"Mid-level people...people managers not very strong technically are becoming redundant until they reskill themselves. They need to upskill themselves in digital technologies," she adds.
Many companies, says Ms Dhingra, are focussing now on "hiring freshers and providing them training on latest skills and make them ready to deploy on projects as these people are more adaptable and tech savvy".
Many IT professionals are looking for job changes "because of fear of layoffs and no/less increment in current company". On the other hand, "not many companies are hiring and those who are hiring have niche requirements and looking only for top (technical wise) level talent", the TeamLease executive adds.
Outlook For IT Sector
Despite the headwinds the Indian IT faces currently, TeamLease has a positive long-term outlook for the sector. "In the long term, the outlook is positive in IT. Some old jobs will fade and get redundant and there will be new roles that are being created," Ms Dhingra says.
TeamLease projects the IT employment to rise from the current level of around 3.5 million to 6 million in 10 years.
TeamLease said it has seen an increase in IT hiring due to work related to GST (Goods and Services Tax). "Every big or small organisation would need skilled manpower to keep their operations GST compliant. With implementation of GST, companies are looking for IT professionals to ensure smooth transformation and people with strong data analysis experience," she says.
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