Demand for tech talent in India has risen sharply following a significant slowdown of demand in April.
Last month saw a whopping 24% rise in demand over the previous month for BPO and tech talent, compared to 4% demand for other talents, according to a study by TimesJobs, an online job board run by news daily Times Of India.
The finding stands in stark contrast to the previous month’s report from Naukari.com, which reported a 24% decrease in IT hiring in April.
The IT/BPO industry recruited 170,000 people last year, according to Nasscom, India’s outsourcing lobby group.
B.V.R. Mohan Reddy, former chairman of Nasscom, said the industry may hire about 20,000 less employees this year than was seen in 2016.
“Lower attrition, automation, and the industry’s focus on innovation and enhanced efficiency have seen a gentle deceleration in hiring growth rates,” writes Saurabh Srivastava, co-founder of Nasscom, in an article on The Economic Times. “The industry will be a net hirer in 2018,” he added.
While many analysts predicted that automation might kill millions of jobs, no company has announced a large-scale lay-off so far. However, it is clear that many of them are re-skilling their employees in new technologies.
Some firms are expanding operations to second-tier cities and replacing senior employees with freshly-graduated professionals willing to undergo training in new technology.
Many IT companies are looking for professionals with expertise in data science, 3D modelling, cloud, and blockchain, according to manpower solutions firm TeamLease.