ITeS in India witnessed a 32% growth year-on-year between April 2015 and April 2016. The year-on-year growth was recorded at 34% between May 2015 and May 2016 and skyrocketed to a further 46% between June 2015 and June 2016. Clearly, there’s no second thought on the fact that the industry is spreading its wings steadily. In fact, ITeS clearly leads the pack, when it comes to the growth quotient.
What does this growth mean to the ITes talent landscape?
The ITeS sector will continue to generate massive employment. It will continue with the trend of providing a bulk share of jobs. With the gradual rise of online shopping, social media and cloud computing, there is a demand for skilled professionals in the industry like never before. As reported by Internet and Mobile Association (IAMAI), the number of internet users in India was more than 250 million, and is expected to overtake USA as the second largest internet base in the world, in the near future.
Moreover, with the Indian government offering a fair share of opportunities to the ITeS sector in specific, a lot of MNCs are investing in India. As a result, a lot of Tier II cities are coming to the front, opening up greater opportunities to a wider range of talent.
Leading companies across the nation aren’t banking on Tier I colleges alone for talent. Since, the industry demands an unquenchable thirst for talent with every passing day, companies have to look further. To top that, ITeS in India is known to be an industry with unusually high attrition rates (5th highest attrition rates across industries in India ).
As a result, companies aren’t hesitating in offering lucrative paychecks and employee benefits. Also, the concept of employee referral programs is being leveraged to the best possible, in a desperate attempt to better the retention ratios.
The future of talent acquisition in ITeS in India – Adapt or perish!
With technology reaching greater heights, the hour demands specialist jobs. The professional preference is shifting all the more in favor of niche skills. As a result of the ongoing automation storm, the industry may lose a great number of “low-skilled” jobs. The ITeS industry employs as much 3.7 million people and the rise of automation is expected to hit this industry the worst. With such a scenario at hand, it will not be surprising to see the preference of the talent. ITeS in India may witness a paradigm shift to more and more niche skills. For, that looks the only viable way to survive!