Impact Of Q1 Results Of IT Majors On Hiring And Q2 Hiring Outlook

Demand for talent in IT industry will witness a 30-40% point growth in the current quarter states Mr. Varun Sachdeva, APAC Recruitment & Business Leader, NLB Services

·         Data analytics, cyber security, AI & ML will be the sought after profiles

·         The demand for RPO services will rise by 30%

While the profits of some of the bellwethers may have missed the market estimate, the demand for talent by the IT sector is intact even in the current quarter. In fact, the robust project pipelines especially in areas of digital transformation, cloud, digital payment infrastructure and cybersecurity, and the investments that Indian IT players are making in the emerging technologies will positively impact the talent ecosystem. The demand for talent will grow by 30-40% points in the current quarter. Some of the profiles who will be benefitted are talent skilled in data analytics, cyber security, AI & ML. These key areas will see a surge in demand for the talent pool by at least 35-40% this quarter and beyond.  

The top 5 skills that will be positively impacted and the kind of growth we anticipate for each of them. Please find below the table  

The growing demand for talent is also leading to attrition. The attrition levels are still a concern and companies are exploring multiple ways to address the situation. Apart from rejigging the appraisal cycle, investing in up skilling, companies are looking at newer models of talent acquisition. They are exploring RPO (Recruitment process outsourcing). Though not a new concept, the model is fast gaining traction in the industry. RPO projects from the IT industry will witness a 30% growth in Q2.