As The Economic Times reports, this is the technology market for job seekers right now, with recruiters lining up at least five candidates for an opening. Still, there is no certainty that the positions will be filled as candidates are sitting on multiple job offers.
India's information technology (IT) sector is facing a talent crunch for niche digital skills as digital transformation fuels demand in the post-Covid era. According to AON, the job loss rate in the IT sector has reached a decade high of around 25%, driven by increased demand for both replacement and new employees.
With such fierce competition, it can be really difficult to fill a position that best matches their skills. Some companies opt for smart way to attract top talent with Hunar.online video job ads as it increases the number of views and applicants per job post. Research suggests that Gen Zs are increasingly turning to video for brand discovery and engagement.
Nasscom says IT firms are seeing 30% growth in digital deals, 80% growth in cloud spend and 15% growth in customer experience spend. New-age digital skills include emerging technologies such as Big Data Analytics, Artificial Intelligence, Machine Learning, Cloud Computing, Cyber Security, Internet of Things (IoT) and Robotics.
According to a recent report commissioned by Amazon, the number of workers in India needing digital skills will need to increase nine times by 2025 and the average worker in India will need to develop seven new digital skills by 2025. Web Services Inc. (AWS). This will amount to a total of 3.9 billion digital skill trainings from 2020 to 2025. Currently, digitally skilled workers represent only 12% of India's workforce.
According to experts, the pandemic has made it clear that the future of businesses will be hyper digital and largely contactless.
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