IT Workforce to Grow by 6%, Says NASSCOM

The IT industry in India is expected to add more than 200,000 workers to its workforce this year, about the same as last year.

Published: 24th July 2015 04:04 AM  |   Last Updated: 24th July 2015 04:04 AM   |  A+A-

CHENNAI: The IT industry in India is expected to add more than 200,000 workers to its workforce this year, about the same as last year, with apex body NASSCOM saying that it expects its 3.5 million workforce to grow by 6% this year. Last year, the industry’s employee headcount growth was around 7-8%.

Speaking to reporters at the HR summit here on Thursday, NASSCOM president R Chandrasekhar said that while the HR industry for IT is itself going through an evolution, with digital influences redefining the way HR worked, the industry is expected to add 6% to its workforce, less than the 7-8% it clocked last year. The industry’s constant currency growth however is expected to stay steady, from 13% it clocked last year to 12-14% this year. “We expect to add around 6% to the workforce this year,” he said.

More important however, was NASSCOM’s reading of the way HR and hiring is changing. One of the most important take-aways from its Annual HR survey for 2015 was that the ‘War for talent’ had shifted from “Quantity to Quality” or from “Scale to Skill.” 58% of the companies in the survey have stated that they would be hiring more laterals this year. “Nearly 58% have said that they will hire more laterally, while only 34% will be focusing on hiring more freshers. This is due to a shift in the way companies are looking for people. It is more about skill now than quantity,” said Chandrasekhar.

The skew of recruiters towards experienced and skilled people is directly linked to the kind of skills IT companies have started to prefer. Among the top skills that IT companies said they would be looking for include entrepreneurial ability and highly technical skills like those in mobile applications, data analytics and cloud.

Stay up to date on all the latest Tamil Nadu news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp