Thursday, November 21, 2024

Business

The ‘Great Resignation’ in IT sector: What’s driving the new hiring trends

The 'Great Resignation' in IT sector: What's driving the new hiring trends

In what are often termed because the ‘Great Resignation’ period, as called by experts, unceasing talent surge has disrupted the demand-supply equilibrium, driving organizations to specialise in both, talent attraction also as talent retention, a report by business solutions provider Quess suggested.

The IT sector jobs are at an all time high with hiring of skilled professionals increasing to 52% from pre-Covid levels. There has been a 163% year-on-year (YoY) growth in hiring in June 2021, data compiled by Quess showed.

In cities like Bangalore, Pune, and Hyderabad where many IT companies have their base, the businesses saw a double-digit growth in hiring activity indicating a consistent revival of the roles within the sector. The IT sector is maintaining the uptrend of hiring activity with endless demand for skilled personnels within the world .

These developments are most visible within the changing landscape of India Inc., where we are witnessing the addition of more Global Capability Centers across India, also as an expansion of existing firms into Tier 2 and three cities. However, with the growing need for remote talent, companies are stepping beyond Indian borders to explore hiring in other APAC countries like Philippines, Vietnam & Sri Lanka ,” Vijay Sivaram, CEO, Quess IT Staffing said within the report on hiring trends.

While companies transition their legacy systems and build next-gen platforms and processes, talent demand for technology skills is booming. New-age HR solutions like Hire-Train-Deploy help bridge this demand-supply gap through focused, skill-based resource hiring.

Sivaram added that while these macro factors give wind to the industry’s sails, a crucial shift also can be observed at the micro level, in most board rooms, where ‘workforce skilling’, ‘resource management’ and ‘automated talent acquisition processes’ are the new buzz words, driving change and steering new business agendas.

In the period of time between March-August 2021, hiring data reveals that the demand for talent with digital skills like Full Stack, React JS, Android, Angular JS, and Cloud Infrastructure Technologies, Cyber Security, among others, has seen a surge since October-March 2020-2021, as technology transformations became a key priority for organizations.

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