Hiring to witness slight difference from this year: NASSCOM
Hiring for IT graduates in the country would change as hiring patterns have changed and priorities placed on soft skills and domain-based specialisation, NASSCOM said on Tuesday.
Hiring for IT graduates in the country would witness a slight difference from this year, as hiring patterns have changed and priorities placed on soft skills and domain-based specialisation, a top NASSCOM official said on Tuesday.
"The hiring might not be the same from this year, since the hiring patterns has changed," NASSCOM president Som Mittal told reporters here.
He also attributed the slow hiring pattern to the slow attrition rates in the country, "When the attrition rates are less, naturally hiring rates will also be slower."
As to whether the hiring will be less, he said, "The numbers will not be as big as it used to be... though, we will be hiring in 2014-15, they will actually be for 2015-16, so that they can go through their training.. We spend over two per cent of our revenue for training."
The hiring would happen this year in two phases -- September to October and in May to July, he said, adding, in the first phase it will happen in the seventh semester and the other will happen once the student graduates.
Asked whether not all graduates would land in a job, he said, "Well, I cannot give job to all students. Also, the number of students graduating is growing. In 2005, there were 36,5000 graduates in IT sector, which this year is 1.3 million graduates now."
He also advised colleges to keep up with the expectations of the industry, as employers expect more soft skills and domain specialisation from the students, in addition to the technical expertise.
Mittal said that the future demands in the IT sector for skills would include mobile application, cloud virtualisation, platform engineering besides the need for data scientists.
He also said that the 60 percent of the present day workforce are Gen Y, who prefer easy going work environment, rapid job promotion and work-life balance, mobility and social media device usage. Of the 3.1 million workforce of the industry, 30 percent comprised of women, of which 15 to 20 percent are at managerial level and above, he said.
IT sector is set to grow 12 to 14 percent presently, he said, adding, it would be reviewed after October this year.
Commenting on the US new immigration bill, he said, "There is a shortage in the US corporations and we are filling in those. If the bill is passed, US corporations would stand to lose more than the Indian companies. And this would also impact the US economy."
He said NASSCOM has also set a target of providing one to 1.5 percent jobs for differently-abled individuals.