India is currently the largest exporter of IT Exports in the world and continues to dominate the Indian IT industry and constitute about 79% of the industry’s total revenue. However, the domestic market is also very significant, with revenue growth consistently.
India’s growing stature in the Information Age enabled it to form close ties with both the United States and the EU.
Due to the digital transformation of companies gaining traction, organisations are becoming future-ready with the acceleration of next-gen technologies such as Artificial Intelligence (AI), Machine Learning (ML) Blockchain, and others. The Indian IT industry will be growing at a greater pace than ever towards Industry 4.0 by adhering to future technologies through digital transformation. With a forecast estimate that IT spending in India will total almost $94 billion in 2020, an increase of 6.6% compared to the current levels.
The top technology trends to watch out for in 2020 are as follows:
- Intelligent Automation (RPA and AI)
- Hybrid Cloud Computing
- Internet of Things
- Industrial Robotics
According to LinkedIn the top 15 emerging jobs in India for 2020 are:
- Blockchain Developer
- Artificial Intelligence Specialist
- Robotic Process Automation Consultant
- Back-end Developer
- Growth Manager
- Site Reliability Engineer
- Customer Success Specialist
- Full Stack Engineer
- Robotics Engineer (Software)
- Cybersecurity Specialist
- Python Developer
- Digital Marketing Specialist
- Front-end Engineer
- Lead Generation Specialist
How to hire better in 2020 for IT professionals:
Building a strong Employer Brand
Majority of jobseekers, almost 75% consider an employer’s brand when applying or before applying to a job. If candidates come across a bad employer reputation online while exploring jobs, chances are they will contemplate on applying.
Companies need to look at the big picture and make sure they create and maintain a good online presence on LinkedIn, Glassdoor, Facebook, IG etc and other online channels relevant to the company. With millennials and Gen Z who are mobile, who need instant gratification, the need to be connected and who are coming into the workforce will need more convincing and information at hand about a company before applying or joining a company.
Lack of qualified candidates
Most companies are finding it challenging to find qualified candidates and this is a matter of grave concern. Every year approximately 1.5 million engineers pass out every year in India. Though this number is high, only 7% of the pass outs are hireable, whereas the remaining lack soft skills among many others are not employable making it challenging for companies to hire qualified workforce.
Expanding candidate reach
Due to the above-mentioned unavailability of qualified candidates’ companies need to expand their outreach to attract qualified candidates. Companies can adopt new recruitment strategies and opt to advertise jobs on multiple paid and free job sites and social media channels.
Building talent pools proactively
Talent pool is a database of qualified candidates interested in working for a company. Companies can invite candidates to register in the talent network and get to know more of the company. This is a perfect time for companies to get the vison, tech, benefits, growth, opportunities in front of the talent network and convert prospective candidates to employees. When properly implemented, this talent pool will ensure there is availability of candidates.
Providing memorable Candidate Experience
According to reports, nearly 64% of job seekers have experienced a poor candidate experience. Most of these job seekers share their bad candidate experience with others which will affect the company reputation. To avoid this – Companies need to update jobseekers at all touch points on their candidature status which leads to a better candidate experience.
Hiring for diversity and inclusion
This will be a hot topic in 2020 and most companies will roll out programs on diversity hiring such women in tech, LBGT, Women returning from break etc. will be sought as this is a criteria job seeker currently favour.
Streamlined selection process
A streamlined selection process gives confidence to job seekers and ensures a good candidate experience as they are aware of what to expect next in the interview process. Early insight into the selection process allows jobseekers to plan and manage their job seeking efforts by attending multiple interviews and secure a job in their preferred company.
In this era of smart phones and high data consumption, companies need to be very quick in their hiring process else they will lose the talent to their competition or to other companies. Updating the job seeker, replying quickly to qualified candidates, an organised interview panel, timely updates to job seekers, streamlined and quick interview process will ensure more onboards.
Focusing on data
Hiring analytics is core business initiative which can help a business achieve its goals. Companies gain a competitive edge if they adopt analytics which helps decision making, planning, execution of new strategies are more efficient as data is available.
To conclude, the IT industry contributes significantly to the Indian GDP and is a sector which will grow and contribute to the world. Experienced Indian engineers are always in demand but will need to reskill on newer technologies to be relevant in the future. In this age of candidate driven market, employers need to understand and change according to the times by giving a fantastic candidate experience by implementing the above discussed points. Once onboarded, employers need to engage new employees, keep them motivated, engaged and make sure they retain employees.
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