At this point, it is crucial to think of solutions that will help flatten the curve and also generate income, says Pratyush Banerjee.
Organisations today are more focused on candidates' skills that will not only add business value to the organisation but also help them thrive.
With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping $100 billion mostly in salaries annually, says a report. The domestic IT sector employs around 16 million, of them around 9 million are employed in low-skilled services and BPO roles, according to Nasscom. Of these 9 million low-skilled services and BPO roles, 30 per cent or around 3 million will be lost by 2022, principally driven by the impact of robot process automation or RPA. Roughly 0.7 million roles are expected to be replaced by RPA alone and the rest due to other technological upgrades and upskilling by the domestic IT players, while it the RPA will have the worst impact in the US with a loss of almost 1 million jobs, according to a Bank of America report on Wednesday.
A candidate with good communication skills, critical thinking and problem solving abilities will have a higher chance of being hired.
The Indian IT services sector is scrambling to retain talent since digitisation-led transformation has increased the demand for a digitally skilled workforce. As a result, the pull for jobs for tech professionals is also coming from non-IT sectors, leading to higher attrition among IT companies. The average number of tech jobs from non-IT sectors has seen a 41 per cent uptick in March-May'21 versus March-May'19, according to data from Naukri.com.
In order to bring uniformity, the need for following the existing framework for either imposition of restrictions or allowing relaxations based on the burden of disease and strain on healthcare infrastructure still remain important.
'During the course of these two years, as new people have joined, we have no mental picture to associate with them and hence, have little connection with them.'
'Lakhs of engineers graduate every year in India and the IT industry used to be the primary recruiter. That is going to end.'
Utilise this time to gain hands-on experience on newer skills or refine current ones.
Cybersecurity is a great opportunity for you to start your career.
An individual must have tolerance for ambiguity and will have to learn to adapt to changing scenarios, suggests Career Coach Dr Shruthi J Mayur.
Leadership, teamwork, communication, productivity, and wellness skills are essential for every employee's success.
HR Guru Mayank Rautela offers practical advice.
If you are serious about your future, here are some MBA programmes and short courses you can consider, advises Arun Jagannathan is co-founder and CEO, CrackVerbal.
The encouraging news, however, is that India features among the top four countries out of 44 nations that projected a positive hiring trend.
There was a worry that such a policy would hamper businesses, create resentment among the male staff and perhaps also discourage companies from employing women. However, this has proved to be misplaced.
Continuing with the same behaviour while things around you change is a sure recipe for failure. Successful leaders will demonstrate agility and adaptability.
Amazon Web Services (AWS) on Friday announced setting up of its second data centre region in India in Telangana that will be operational by mid-2022, and will see the tech giant investing about Rs 20,761 crore. While AWS did not comment on the investment detail, Telangana IT and Industries Minister KT Rama Rao tweeted that AWS will invest Rs 20,761 crore ($2.77 billion) to set up multiple data centres in the state.
Curriculum manager Tanvi Khemani explains how these courses and skills can help you achieve your immediate and long term career goals.
Damien Fleming termed Jasprit Bumrah as the 'x-factor' in the Indian bowling line-up
'30 to 40% of the industry needs to be reskilled as existing jobs will go to automation.' 'Reskilling is required as some existing jobs will not be required in the future.'
The new rules will bring down people's mobility and as a result flexibility in scaling businesses
Engineering graduates specialising in artificial intelligence and machine learning can earn up to 24 lakh a year, says Saran Balasundaram, founder and CEO, HanDigital, a talent consulting firm.
Be brave to fail, learn, and lead, advises Abhilash R, founder and CEO, Bloombloom Dreambiz (P) Ltd and B-HUB Lifespaces.
Adapting to the new hybrid normal of remote and office work, cautiously optimistic corporate are looking to hire more people and provide better appraisals in the new year as they step out of the pandemic-ravaged 2020. The coronavirus pandemic emerged as the biggest inflection point for the Indian job landscape. For the corporates, work-from-home and remote workers became the new normal and for the professionals, online learning and digital skills took centrestage.
Starting afresh in a new domain or with a new employer or opting for entrepreneurship can be the brighter side of job loss.
Will bots take away our jobs? Find out!
You must learn to strategically set task priorities and set practical yet challenging deadlines for all your tasks, says Sarvesh Agrawal.
Individuals who can understand data and go for data driven decisions making using their critical mind will be highly valued.
Speculation is rife that the number could go as high as 2,000.
Experts at coding, Web development, and digital marketing, will be on every organisation's hiring list, points out Narayan Mahadevan.
N Ganapathy Subramaniam, chief operating officer (COO), discusses the strategy to concert digital opportunities to larger deals, focus on reskilling own people instead of acquiring a company to get access to skillsets and demand from newer verticals in an interview with Romita Majumdar
Employers are now looking to hire professionals who can demonstrate their skills rather than reel off a catalogue of undirected theoretical qualifications.
'The focus for IT companies will shift from adding scale to building a smaller, more specialised, talent pool with specific domain expertise,' says Shyamal Majumdar.
The ability to collaborate with your team and unlock synergies towards a common goal while operating from a remote location is one of the top and evergreen skills you can highlight on your resume.
'No one realises that people with 90 days waiting period are shopping around which naturally increases the cost of hiring.'
Millennials crave career progression, though 66 per cent are under-prepared, reveals Monster's 'MyFirstJob' survey.
Dig deep, share the load, and share credit. That's what teamwork is about!
Infosys is planning to hire the first 500 within two years.
In an effort to enhance communication skills of the umpires, the Board of Control for Cricket in India, as part of the Umpire Development Program has decided to host an English language upskilling course.
