IT Sector Continues To Be A Net Hirer Of Skilled Talent: NASSCOM Report
"With the evolution of technology and increasing automation, the nature of traditional IT jobs and roles will evolve overall leading to the creation of newer jobs. The industry continues to be a net hirer of skilled talent, adding 1,38,000 people in FY2021," Nasscom said in a statement.
"The industry is upskilling more than 250,000 employees in digital skills and has hired more than 40,000 fresh digitally-trained talent, indicating at its commitment and investment towards rapid enhancement of workforce capabilities...With one of the strongest deal pipeline, and a strong business outlook, the industry is on track to meet its vision of USD 300-350 billion revenues by 2025," Nasscom added.
Nasscom stated that the Indian IT sector will remain a net creator of jobs. The sector is "committed to people-centric innovation, relentless talent focus". The domestic IT sector aims at delivering a superior transformative customer experience, according to Nasscom.
Nasscom pointed out that the business process management (BPM) sector in India, which has been called out as the sector ripe for automation, employs over 1.4 million people (excluding domestic and in-house) and not 9 million as the said report suggested.
The IT-BPM sector overall employs 4.5 million people as of March 2021, it added.
The association noted that automation and RPA (robotic process automation) has been maturing in the last three years and has led to a net creation of jobs for the BPM sector.
"The addressable opportunity for BPM according to a NASSCOM-McKinsey Report is USD 180-220 billion, leaving significant headroom for growth and jobs," Nasscom added.
