Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li>Twelve out of the 24 four industries see an increase in their net <keyword id="1248661" type="General" weightage="50" keywordseo="apprenticeship" source="Orion">apprenticeship</keyword> outlook while the remaining 12 see a decrease. </li><li>Apprenticeship refers to a career pathway which enables individuals to learn and earn at the same time. </li><li>End of tenures, downsizing <keyword id="52626" type="General" weightage="100" keywordseo="workforce" source="Orion">workforce</keyword> and lack of <keyword id="10004728" type="General" weightage="50" keywordseo="training-staff" source="Orion">training staff</keyword> are reasons for the decrease. </li></ul>The Net Apprenticeship Outlook (NAO) for the January to March quarter witnessed a decrease of 3% over the previous half-year (July-December 2022), said a report by <keyword id="133742" type="General" weightage="20" keywordseo="teamlease" source="Orion">Teamlease</keyword> Services. This is marked by a significant decrease in NAO growth for certain sectors and cities. The Net Apprenticeship Outlook is arrived at by subtracting the proportion of employers indicating that they will likely decrease the engagement of apprentices from the proportion of employers indicating that they will likely increase the engagement of apprentices. However, 79% of employers are keen to increase their apprentices intake in Q4 2023, the report adds. Apprenticeship refers to a career pathway which enables individuals to learn and earn at the same time. They can earn a wage, while gaining knowledge from structured learning and on-the-job training. This helps them enhance their resume with industry-recognized credentials. <cmsannotation type="cmsannotation" annotationid="Regulatory &amp; economic challenges" comment="subhead2" text="Regulatory &amp; economic challenges">Regulatory &amp; economic challenges</cmsannotation> Half of the 24 industries foresee an increase in their Net Apprenticeship Outlook, while the rest see a decrease. The maximum decline in NAO for the current quarter is noted in services including repair &amp; maintenance, followed by infrastructure &amp; capital goods; and aerospace &amp; aviation. “In the current quarter, we have also seen a dip in overall NAO due to regulatory and economic challenges that the industry has faced. To take apprenticeship to the next level, organizations will have to scale up their efforts, in order to stay ahead of unprecedented challenges,” said Sumit Kumar, chief business officer manufacturing, TeamLease Degree Apprenticeship. Ending of apprenticeship tenure which is not being renewed (41%), downsizing workforce (35%) and non availability of apprentice training staff (31%) are reasons why employers see a decrease in engagement of apprentices. <cmsannotation type="cmsannotation" annotationid="For real time skill availability" comment="subhead2" text="For real time skill availability">For real time skill availability</cmsannotation> The report finds that while 37% employers go for apprentices for real time skill availability, 31% do it to make hiring more cost-efficient, while for 23% the reason is business growth. “As India Inc continues to recognize the prowess of apprenticeships in developing a strong talent pipeline, it's heartening to see that the proportion of employers willing to expand their apprentice engagement in the quarter has increased. Employers are realizing that apprenticeships with a degree linkage have better skill competencies,” said Kumar. Also, while for degree apprenticeship (trade) 21% are likely to pay ₹15,000-20,000 per month. For graduate apprentices, 25% are likely to pay ₹20,000-25,000 per month. Moreover, even other stakeholders are taking the initiative to boost apprentice adoption in India. For example, increased advocacy from the government has helped improve awareness. Additionally, the budget announced stipend support for 47 lakh youth over the next three years, on-the-job training through PMKVY, and the rollout of direct benefit transfer under a pan-India National Apprenticeship Promotion Scheme. From a location perspective, all metro cities anticipate an increase. Hyderabad has the highest NAO (78%), followed by Delhi (74%) and Bengaluru (68%). 83% employers in Hyderabad, 82% in Delhi, 80% in Bengaluru and 81% in Chennai are willing to increase their intake. Kolkata (42%) has the lowest NAO, with only 68% employers projecting to increase. Non metro cities are also projecting an interesting trend. The NAO for Coimbatore (79%), Nagpur and Pune (76% each) and Ahmedabad (70%) continues to be on an encouraging trajectory. As many as 84% in Coimbatore, 85% in Pune, 86% in Nagpur and 83% for Ahmedabad foresee increased deployment. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/massive-selloff-in-domestic-equities-amid-us-bank-failures-sensex-closes-below-59000-nifty-tests-17000/articleshow/98606362.cms">Massive selloff in domestic equities amid US bank failures: Sensex closes below 59,000, Nifty tests 17,000</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/news/companies-want-their-employees-back-to-office-but-it-is-turning-out-to-be-difficult/articleshow/98602147.cms">Companies want their employees back to office, but it is turning out to be difficult</a>

Downsizing, lack of training staff points to lower intake of apprentices in Q4 says Teamlease

<ul><li>TeamLease has joined hands with <keyword id="6359595" type="COMPANY" weightage="20" keywordseo="british-council">British Council</keyword> to provide free online English test and extend EnglishScore certificates to the job aspirants. </li><li>The organisations aim to certify nearly 100,000 Indians this year. </li><li>The 40-minute long mobile test will help Indian job seekers understand the language and prove their english proficiency to the employers. </li><li>The proficiency levels in english can increase salaries by roughly 48%, according to the Skill India Report 2019.</li></ul>Indian job aspirants can now benefit from the internationally recognised English test offered by the British Council —<a href="https://www.englishscore.com/"> EnglishScore</a>. TeamLease has joined hands with the British Council to provide a free online English test and extend EnglishScore certificates to job aspirants. The organisations aim to certify nearly 100,000 Indians for free, this year. “Effective communication in English is such an important attribute now when employers are looking at hiring and developing their workforces. We want EnglishScore to become part of the fabric of connecting talented candidates with the best jobs they can get,” said Michael Curry, CEO, EnglishScore. The 40-minute long mobile test will help Indian job seekers prove their english proficiency to the employers. The test will assess candidates on the basis of their grammar skills, vocabulary, reading and listening. Interested candidates can take the test at <a href="http://www.teamlease.com/englishscore">www.teamlease.com/englishscore</a> or <a href="http://www.freshersworld.com/englishscore">www.freshersworld.com/englishscore</a>. The scores will be released immediately after the test. India adds 12 million people to its workforce every year, and soft skills are popular amongst employers. English language is a key criterion while shortlisting candidates, according to the India Skills Report 2019. In fact, the proficiency in English can optimize salaries by roughly 48%. The British Council aims to loop in nearly 2 billion people in the English test by 2020. “Improving employability through English is a core part of the British Council’s purpose in India. We are delighted to partner to increase the reach of our new free English test to India’s ambitious workforce,” said Barbara Wickham OBE, Country Director, British Council India. See also: <a href="https://www.businessinsider.in/all-india-radio-to-air-english-learning-programme-from-1-september/articleshow/70673187.cms">This is All India Radio, and let us now start learning English</a> <a href="https://www.businessinsider.in/would-you-like-to-be-indias-british-high-commissioner-for-a-day/articleshow/70764620.cms">Would you like to be India's British High Commissioner for a day?</a> <a href="https://www.businessinsider.in/good-news-for-indian-students-in-the-uk-as-government-will-now-grant-them-2-year-work-visa/articleshow/71077488.cms">Good news for Indian students in the UK, as government will now grant them 2-year work visa</a>

Now, get a British council stamp on your English skills to impress employers

<ul><li>Over 77% of the employers want to give their employees to choose their preferred work mode, says a <keyword id="617603" type="General" weightage="20" keywordseo="Teamlease-survey" source="Orion">Teamlease survey</keyword>.</li><li>Organizations want their employees back as they find it difficult to evaluate employee performance.</li><li>Only 5% of the companies have the intention to stay as virtual-only organisations.</li></ul>As Covid and its fears ebb, organizations want their workforce back to offices. As many as 58% of companies surveyed by <keyword id="133742" type="General" weightage="80" keywordseo="teamlease" source="Orion">Teamlease</keyword> think work will be completely in-office going ahead. But few are forcing them back. Over 77% of the employers want to give this option to its employees, as per the Future-Readiness of Organizations for a Hybrid World report. Organizations want their employees back as they find it difficult to evaluate employee performance. According to the survey, around 40.7% of respondents find employee performance and productivity measurement as a significant challenge in virtual work settings. The survey has a good mix of large organizations (53.87%), startups (20.54%), and SMBs (25.59%) with industries ranging from technology to manufacturing to BFSI to FMCG to retail to health to automobile. <cmsannotation type="cmsannotation" annotationid="Very few companies are switching to complete remote model" comment="subhead" text="Very few companies are switching to complete remote model">Very few companies are switching to complete remote model</cmsannotation> Also, very few organizations, as low as 5% intend to stay as virtual-only organizations. But the hybrid work model too throws up infrastructural challenges. For one, they are having a hard time deciding whether or not to lease an office space. About 36% of them said they had office space on lease before the pandemic but moved to fully-remote work settings without an operational office. And 18.15% of employers are planning to lease physical workspaces. “As the economy is slowly opening up and organizations are looking to welcome their employees back, they want to foolproof their workspaces and environment to accommodate the employee preferences in a way that also aligns with business sustainability and growth. Both can be balanced in the best way possible by redefining what productivity looks like, how it’s measured, and how employees are being engaged and retained in the long term,” said Ajoy Thomas, VP at TeamLease. <cmsannotation type="cmsannotation" annotationid="Companies are more focusing on business sustainability, workforce health" comment="subhead" text="Companies are more focusing on business sustainability, workforce health">Companies are more focusing on business sustainability, workforce health</cmsannotation> In order to plan and build organizational resilience, 50% of the employers are planning to increase their learning and development budgets by at least 15-20% in 2022. “Business resilience also encompasses mental health-related initiatives to increase by 10-20% for 46.42% of the participating companies with 29.76% saying it will be 20-30% for them. Onboarding and implementation of new tools is also a top-order priority with organizations with 26.48% planning to employ remote employee performance apps,” the report says. To cope with the current challenges such as planning for a hybrid work environment and infrastructure, the companies are trying to come up with devising strategic approaches to mitigate the challenges. And 33% of the companies are rolling out talent development programmes that are flexible, personalized, modular, and recognize individualistic learning patterns for the employees, as per the report. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/india-starts-testing-flu-patients-selectively-as-covid-numbers-plateau/articleshow/91610431.cms">India starts testing flu patients ‘selectively’ as COVID numbers plateau</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/four-in-ten-american-users-thought-that-facebook-should-have-blocked-trump-sooner-reveal-leaked-internal-documents/articleshow/91610652.cms">Four in ten American users thought that Facebook should have blocked Trump sooner, reveal leaked internal documents</a>

Most companies prefer their employees back to offices but are giving them the choice

<ul><li>The need for cyber security is soaring in the market in order to protect valuable data from these hackers.</li><li>According to human resources firm <keyword id="133742" type="COMPANY" weightage="20" keywordseo="TeamLease">TeamLease</keyword>, there are around 50,000 open positions in the market, currently.</li><li>Here are some cyber security roles which are high in demand, according to TeamLease</li></ul>With cyber attacks becoming so common and hackers worldwide are coming up with new sophisticated hacking techniques, cyber security is an absolute necessity — be it high profile companies or startups. The need for cyber security is soaring in the market in order to protect valuable data from these hackers. Currently, the industry is pegged to grow about $116 billion by 2025 as per Data Security Council of India (DSCI) estimates. According to human resources firm TeamLease, there are around 50,000 open positions in the market, currently. Risk identification and management, data management and analysis, and logical reasoning and troubleshooting are the three main skill sets each employer is looking out for in an ideal candidate, says TeamLease . These are some cyber security roles which are high in demand, according to TeamLease — <ol><li>Cyber security analyst Cyber security analyst is primarily responsible for protecting a company's network and systems from cyber attacks, which involve researching the latest upcoming information technology (IT) trends, reviewing and analysing any suspicious activity. The analyst is also responsible for implementing threat protection measures and security controls. The starting salary of a cyber security analyst can be between ₹5,00,000-₹6,00,000 per annum, according to online education firm <keyword id="2008319" type="COMPANY" weightage="20" keywordseo="Upgrad">UpGrad</keyword>.</li></ol>2. Cyber security technical lead engineer The ideal role of a cyber security technical lead engineer is to plan, implement, monitor and continuously upgrade the security measures to protect the company’s data, system and networks and to test and identify any system vulnerabilities and thereby enabling appropriate security control tools and measures. According to job search platform <keyword id="6370752" type="LOCATION" weightage="20" keywordseo="glassdoor">Glassdoor</keyword>, a cyber security technical lead engineer can expect to earn around ₹16,00,000-₹17,00,000 per annum. 3. Data management and analytics The data management and analyst role is to examine a large number of data sets, perform complex data analysis and build predictive models. Based on these models, an organisation can detect any malicious activity and prevent network vulnerabilities. The average salary of a data management analyst can be around ₹12,00,000 per annum, as per UpGrad. 4. Forensic analyst A forensic expert can also be called a ‘digital detective’ who is responsible for detecting, analysing and piecing together all possible evidence of cyber crimes from computers, network or any other IT equipment. A forensic analyst also plays a lead role in investigating data breaches and security incidents when there is a cyber attack. The salary can range between ₹6,00,000-₹7,00,000 per annum, according to job search platform Indeed. 5. Chief information security officers (<keyword id="1047193" type="COMPANY" weightage="20" keywordseo="CISO">CISO</keyword>) A report by professional services firm <keyword id="53186" type="COMPANY" weightage="20" keywordseo="PwC">PwC</keyword> says that almost 80% of companies have CISOs in their management teams. A CISO oversees the operation of an organisation’s IT security department, also directs, manages and safeguards company’s information assets, and ensures that there are no data breaches. According to UpGrad, the average annual salary of a CISO is around ₹23,00,000. 6. Network security engineers The job responsibility of a network security engineer is to assist the company in identifying advanced cyber threats and to help in creating robust strategies to protect the organisational structure. A network security engineer also oversees the quality control within the IT infrastructure. An ideal candidate can expect to earn around between ₹4,00,000-₹8,00,000, according to UpGrad. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/earn-money-online-here-are-some-exciting-part-time-work-from-home-jobs/articleshow/82449228.cms">These are some exciting part-time work-from-home jobs you can do to earn a few extra bucks</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/if-you-want-to-work-from-home-these-are-some-of-the-hottest-freelancing-jobs-in-high-demand/articleshow/81228585.cms">If you want to work from home, these are some of the hottest freelancing jobs in high demand</a> <a href="https://www.businessinsider.in/science/health/news/covid-19-a-couple-from-chennai-has-come-up-with-this-innovation-of-a-surgical-mask-vending-machine-/articleshow/82605058.cms">Even small initiatives during a pandemic can help save a thousand lives, these people are doing their bit</a>

These are the hottest jobs in the cyber security industry right now, with a salary package of up to ₹23 lakh per annum

<ul><li>Employment opportunities in the <keyword id="34981" type="ORGANIZATION" weightage="20" keywordseo="telecom-sector">telecom sector</keyword> are expected to grow by 20% in 2021.</li><li>The growth will be fueled by telecom companies expanding capacities and rolling out <keyword id="2527485" type="PERSON" weightage="20" keywordseo="5G-services">5G services</keyword>, as per <keyword id="181169" type="PERSON" weightage="20" keywordseo="Gautam-Vohra">Gautam Vohra</keyword> of TeamLease Digital.</li><li>BSNL’s 4G upgrade will also give a big boost to telecom jobs in the country.</li></ul>The Indian telecom sector is all set to leap into the 5G era in 2021. This could open up a wide range of opportunities for everyone from RF engineers, field engineers, software engineers, and developers. The COVID-19 pandemic left its mark on every industry in 2020, but the telecom sector emerged stronger. It was a busy year as telecom companies hired new talent, leading to employment growth of 15%. This will get even better in 2021. “We expect to see a 18-20% growth in employment opportunities in the telecom sector in 2021. This growth will be primarily driven by telecom companies expanding their capacities and the expected 5G rollout,” said Gautam Vohra, vice president and business head, Telecom &amp; Engineering Staffing, TeamLease Digital, in an interview with Business Insider. <div type="image" title="Mr. Gautam Vohra-VP &amp;amp; Business Head, Telecom &amp;amp; Engineering Staffing, TeamLease Digital" msid="80183577" hostid="261" caption="&amp;lt;p&amp;gt;Mr. Gautam Vohra, VP &amp;amp;amp; Business Head, Telecom &amp;amp;amp; Engineering Staffing, TeamLease Digital&amp;lt;/p&amp;gt;"></div> Vohra noted that TeamLease witnessed a 30% increase in telecom jobs in 2020, which is higher than the industry average of 15%. He expects the industry-wide average to hover around the 18-20% mark in 2021. TeamLease offers temporary staffing services and human resources to various industries. “India will take center stage with regard to maintaining network services , optimization and development of internet along with associated networks as well as research and development of global delivery centers,” Vohra said, explaining that the vast consumer market and the talent pool in India make it ripe for making giant leaps in the global telecom space. These will be the most sought-after jobs in the Indian telecom industry in 2021 According to Vohra, the most sought-after jobs in the Indian telecom industry in 2021 will be RF engineers, fiber laying, testers, quality check engineers, and field engineers, among others. He said that these roles would fetch up to ₹3.75 lakh per annum, with allowances on top. The new hiring will be used towards operating, maintaining and optimizing the existing 3G and 4G infrastructure, as well as testing and rolling out 5G services, Vohra further explained. BSNL’s 4G upgrade to give a further boost to telecom jobs Further elaborating, Vohra mentioned that the Indian telecom sector would see buoyant growth in both 4G and 5G arenas. The growth in 4G will be for two reasons – expanding the network capacities and the state-run telco BSNL rolling out tenders to upgrade its network to 4G finally. Here’s how much different categories will grow in the telecom industry According to Vohra, the telecom industry will offer jobs in a wide range of categories. Here’s how he expects these job opportunities to stack up. <div type="image" title="Telecom jobs in 2021" msid="80183595" hostid="261"></div> SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/indian-government-to-auction-spectrum-worth-4-lakh-crore-in-march-2021/articleshow/79757930.cms">Indian government to auction spectrum worth ₹4 lakh crore in March 2021</a> <a href="https://www.businessinsider.in/stock-market/news/three-of-chinas-biggest-telecom-companies-rally-over-5-after-nyse-decided-not-to-delist-them/articleshow/80110702.cms">Three of China’s biggest telecom companies rally over 5% after NYSE decided not to delist them</a> <a href="https://www.businessinsider.in/business/telecom/news/india-to-issue-a-list-of-trusted-sources-from-where-reliance-jio-bharti-airtel-and-others-can-procure-telecom-equipment/articleshow/79757534.cms">India to issue a list of ‘trusted’ telecom vendors from where Reliance Jio, Bharti Airtel, and others can procure equipment</a>

Fiber layers and field engineers to researchers ⁠— telecom jobs may see a 20% spike in 2021 as India leaps into the 5G era

<ul><li>The outbreak of coronavirus has disrupted businesses and the experts now expect a global recession. </li><li>Several countries like the US, Australia and European countries have therefore introduced measures to protect jobs and revive the economy. </li><li>This includes the Paycheck Protection Program in the US, unlimited loans to businesses in Germany, wage subsidy in Australia and more. </li></ul>Amid the coronavirus chaos and anticipations of a global recession directly impacting jobs and the labourforce, several countries like the US, Australia and European countries have introduced measures to protect jobs and revive the economy. The Indian government introduced an array of <a href="https://www.businessinsider.in/india/news/fm-nirmala-sitaraman-announces-six-steps-for-msme-sector/articleshow/75717258.cms">relief measures for the Micro, Small and Medium Enterprises (MSMEs)</a> — including moratorium on repayments, easy loans and more — as a part of the ₹20 lakh crore stimulus package. But none of the initiatives directly worked towards job protection and incentivizing businesses, especially MSMEs so as to retain employees. The Paycheck Protection Program in the US <div type="image" title="us corona" msid="76529787" hostid="261"></div> Under the US Cares Act, the <a href="https://www.businessinsider.in/policy/economy/news/indian-billionaires-and-narendra-modi-must-protect-jobs-like-the-us-during-coronavirus-lockdowns/articleshow/75156295.cms">Paycheck Protection Programme</a> is a loan program or funding extended to the small businesses that offers to forgive loans if the companies keep all its employees on payroll for eight weeks — and that money can be used for managing employees, rent, mortgage etc. Besides that, the loans sanctioned under the <keyword id="9450124" type="UNKNOWN" weightage="20" keywordseo="paycheck-protection-programme">paycheck protection programme</keyword> require no fee, guarantee or a collateral but covers all the expenses for six months from the starting date. But a major discretion here is that these loans can be forgiven — which means that they convert to a non-taxable grant. “This sets it apart from the ones given in India. The main requirement for this kind of loan in the US is that 60% of the funds must be used for payroll and employee benefit,” Rajat Prakash, Managing Partner at Athena Legal, a law firm based in Delhi, told Business Insider. Unlimited loans to large and small businesses in Germany <div type="image" title="america" msid="76529819" hostid="261"></div> On similar lines, Germany also offered both the small and large businesses an unlimited amount of loans to help them survive the pandemic. This will also save billions of euros spent in taxes. This is targeted at <keyword id="9450123" type="UNKNOWN" weightage="20" keywordseo="protecting-jobs">protecting jobs</keyword> and the economy. "There is no upper limit on the amount of loans that the bank can issue," Financial Times <a href="https://www.ft.com/content/c1f3507c-f59c-3068-905e-f1ae4938dfe0">reported</a> citing Germany’s finance minister Olaf Scholz. Ireland and other European countries follow Other <a href="https://www.weforum.org/agenda/2020/03/covid-19-quarantine-sick-pay/">European countries</a> are also learning from the measures undertaken by Germany. For instance, Ireland too relaxed the requirements to avail statutory sickness benefits. Under the initiative, every employee, including the gig workers is eligible for a ‘temporary income’ and incentive — if they show virus symptoms. In fact, for any person testing positive for coronavirus, the illness benefits can be claimed immediately. This will also entitle them to receive a 50% increased pay. The government is encouraging the organisations to pay their absent employees as well — who are self isolating. Australia’s wage subsidy for 6 million people While Australia provides a subsidy like in Australia — where the employers can take fortnightly payment for a particular amount per eligible employee. The Australian government said that the wage subsidy scheme will create j<a href="https://www.theguardian.com/world/2020/mar/30/australia-to-subsidise-wages-of-up-to-6m-workers-in-130bn-coronavirus-plan">obs for 6 million people in the next six months</a>. That makes it $1,500 per fortnight. The Australian Tax Office will pay the amount to the businesses that have witnessed a sharp decline in turnover and profits. If India replicates... However, it might not be a good idea to implement paycheck protection or unlimited loans. Rishi Agrawal, CEO &amp; Co-Founder of Avantis Regtech, a TeamLease Company, says that India does not need a similar paycheck protection program, rather equip them with a low-cost credit system that maintains credit history and measures creditworthiness. He says that the government should in fact create a process that reduces the cost of credit for those promoters who have great credit behaviour. “Paycheck assumes a high degree of formalisation, strong institutions with checks and balances to prevent misuse and exploitation. In fact, In India if you do Paycheck, NPAs (non performing assets) will go through the roof as people will figure out a network of dummy companies with dummy employees, take loans and 'disburse' them and seek forgiveness,” Agrawal commented. See also: <a href="https://www.businessinsider.in/india/news/acharya-balakrishna-the-1-6-billion-ceo-behind-the-rise-of-patanjali-in-india/slidelist/76527837.cms">Acharya Balakrishna — the $1.6 billion CEO behind the rise of Patanjali in India</a> <a href="https://www.businessinsider.in/india/news/maharashtra-delhi-and-gujarat-to-get-most-of-pm-cares-fund-ventilators/articleshow/76525495.cms">These are the states that will get a big chunk of the 50,000 ventilators from the PM CARES Fund</a>

This is how the US, Germany and other European countries tried to protect jobs amidst the coronavirus pandemic

<ul><li>India's Silicon Valley is headed to the polls today and unemployment is one of their main concerns. </li><li>It's not only the IT industry but also the small enterprises that have been hit by demonetisation and India's revamp of its tax system. </li><li>Bengaluru's transformation to an industrial hub hasn't been without its cost with the city's burgeoning environment pollution problem.</li></ul>Bengaluru, known as India’s Silicon Valley and home to two of the biggest IT companies in India — Infosys and <a href="https://www.businessinsider.in/wipro-phishing-attack-computer-system-hacked/articleshow/68918449.cms">Wipro</a> — goes to the polls today representing 17% of Karnataka’s population. Amid the rapid changes in technology and the United States <a href="https://www.businessinsider.in/us-immigration-denial-of-h1-b-visas-raises-legal-questions/articleshow/68844794.cms">tightening</a> immigration laws, the sheen from India’s IT hub has dulled. Between 2016 and 2018, at least five million people lost their jobs in India according to a <a href="https://in.reuters.com/article/india-election-jobs/five-million-lost-jobs-in-india-between-2016-and-2018-report-idINKCN1RT1I3">report</a> by the Azim Premji University reporting unemployment increase in the formal and informal sectors of the economy. India is already looking at the highest unemployment rate in 45 years according to <a href="http://v">reports</a> and its effect is not lost on Bengaluru even with the <a href="https://www.financialexpress.com/industry/here-are-jobs-hiring-rises-by-15-bangalore-tops-check-where-delhi-mumbai-stand/1487202/">highest</a> hiring rate in the country. <a href="https://www.teamleasegroup.com/resources/reports/19">According</a> to TeamLease’s Employment Outlook, Bengaluru has been categorised as an employment ‘laggard’ with its employment outlook falling two percentage points in 2018. Waning job growth after demonetisation and the implementation of the General Goods and Services Tax (GST), Bengaluru is far from the day when it saw job spurts across the board for technical and blue-collar positions — starting from state run companies like India Telephone Industries Limited (ITI), Hindustan Aeronautics Limited (HAL), Bharat Electronic Limited (BHEL), and Bhart Earth Movers Limited (BEML). 
 <div type="ExtQuote" text="One must remember that a significant number of voters come from outside Karnataka. In the IT sector, at best 65% of the people are locals and 35% are from outside. So it is quite possible that they cannot go back to their places to vote, while some may have gone back to vote. So I would not worry too much about voter turnout being only 55%." auname="Indian IT industrialist and co-founder of Infosys, NR Narayana Murthy"></div>

 Changes in technology As technology gets more complex with the rapid implementation of artificial intelligence (AI) and machine learning (ML), so does the <a href="https://www.nasscom.in/system/files/secure-pdf/the-future-of-me_0.PDF">gap</a> of technical and non-technical skill requirements required for the sector. So, it's not that the jobs don’t exist in Bengaluru — there’s actually an increasing demand for highly skilled technical management jobs that offer <a href="https://timesofindia.indiatimes.com/city/bengaluru/bengaluru-pays-the-highest-salaries-in-india-study/articleshow/66743965.cms">high</a> salaries — but more, that people aren’t equipped with the correct skill sets for employment. The bigger issue boils down to the quality and content of educational institutions where the <a href="https://www.facilities.aicte-india.org/dashboard/pages/dashboardaicte.php">placement rate</a> of engineering and management schools was its highest at 30% between 2012 to 2018, according to AICTE’s online data dashboard. It’s not just Bengaluru that has jobs on its mind. It’s the <a href="https://www.businessinsider.in/lok-sabha-elections-2019-pew-research-report-on-key-election-issues/articleshow/68572903.cms">number one</a> issue for Indian voters as they participate in the world’s largest democratic exercise according to a report by the Pew Research Center (PRC). Lingering effects of demonetisation Demonetisation has been particularly hard for the citizens in Peenya, one of the biggest industrial areas in Asia located in northwest Bengaluru — and primary depends on cash for its transactions. It’s home to more than 6,000 small businesses, employing over 800,000 people and generation ₹120 billion ($1.72 billion) in revenue, according to Peenya Industries Association. Even Bengaluru’s realty market is only just <a href="https://bangaloremirror.indiatimes.com/bangalore/others/realty-market-rises-from-demonetisations-ashes/articleshow/63523111.cms">starting</a> to recover from the effects of demonetisation where property <a href="https://news.housebolo.com/demonetisation-impact-bangalores-property-markets-takes-a-hit/">registrations</a> dipped from 1,800 per day to 200 per day. Startups <a href="https://inc42.com/features/indian-startup-shutdowns-2017/">came</a> under the gun as well, especially the e-commerce segment. Bigger startups like Flipkart and Zomato, both based out of Bengaluru, had to <a href="http://v">figure out</a> how to make up for the fact that 60 to 70% of their orders were cash-on-delivery transactions. Choking on industrial waste While industries in Bengaluru have thrived over the past couple of years, it has not been without its cost. The city’s Bellandur Lake and Vrishabhavathi River have been in the news for all the wrong reasons. The Bellandur Lake was seen spewing a 10-feet high wall of toxic foam that seeped on to the roads and bridges. 
	
 
 
 <div type="image" title="d7bc57be0e0a6a0fb56b45acb0836c51" msid="68930987" hostid="261" caption="&amp;lt;p&amp;gt;The 10 feet of foam on Bellandur Lake in Bengaluru in 2016&amp;lt;/p&amp;gt;"></div>









 Rashmi Mandanna, a south Indian actor, even did an underwater photoshoot at the lake to draw awareness the increasing problem of water pollution. 
	
	
	
	<div type="twitter" handle="iamRashmika" handlename="Rashmika Mandanna" image="http://pbs.twimg.com/profile_images/1048058166737608704/hcxNROBl_normal.jpg" favoritecount="12895" retweetcount="2839" status="This was a photoshoot regarding awareness for the water pollution by this wonderful team Creative Director :… https://t.co/CiRvenS0Ua" createdat="1544704656000" id="1073195228603928577"></div>









 The Peenya Industrial Belt, with more than 7,500 industries — including the Peenya, Yeshwanthpura, Rajajinagar, Jalahalli, Goraguntepalya and Dasarahalli industrial areas — has also been called into question for polluting the Vrishabhavathi River and the lakes within its catchment area. One of lakes, Nelagadaranahalli Lake, is even <a href="https://www.thenewsminute.com/article/how-bengaluru-s-peenya-industrial-area-has-choked-and-killed-its-surrounding-lakes-90116">speculated</a> to be more toxic than Bellandur Lake. The problem seems to be on the rise despite corporates facing penalties <a href="https://www.downtoearth.org.in/news/pollution/ngt-makes-polluters-pay-nearly-double-so-far-this-year-than-whole-of-2018-63927">amounting</a> to ₹750 million ($10.8 million) within the first quarter of 2019 for water pollution in Karnataka from National Green Tribunal (NGT). The issue of the city’s lakes being polluted also fuels the resultant water crisis in the city. Citizens <a href="http://www.newindianexpress.com/cities/bengaluru/2019/mar/26/water-and-traffic-issues-bog-down-it-showcase-of-bengaluru-1955879.html">claim</a> that the water was crystal clear and used for drinking and agricultural activities. But despite these issues, the biggest <a href="https://economictimes.indiatimes.com/news/elections/lok-sabha/india/decoded-the-concerns-and-aspirations-of-the-urban-electorate-in-seven-indian-cities/articleshow/68868018.cms">challenge</a> is going to be getting voters to come out and participate in a city that has consistently recorded a low voter turnout. The Bharatiya Janata Party (BJP already paid the price for some of these issues by losing its opportunity to win during the Karnataka’s State Assembly Elections in 2018. But, the Janata Dal (Secular) and Congress alliance that replaced the government has been <a href="https://www.news18.com/news/politics/dissidence-in-some-lok-sabha-seats-over-jds-alliance-says-congress-2078551.html">facing dissidence</a> in certain constituencies, hampering their prospects. See also: <a href="https://www.businessinsider.in/lok-sabha-elections-2019-pew-research-report-on-key-election-issues/articleshow/68572903.cms">5 charts that tell you what India cares about ahead of 2019 elections</a> <a href="https://www.businessinsider.in/lok-sabha-election-2019-second-phase-political-strategy-for-reserved-seats/articleshow/68925204.cms">Nearly a quarter of the seats in the Lok Sabha are “reserved” and they matter a lot in this election</a> <a href="https://www.businessinsider.in/politics/elections/lok-sabha-elections-2019-second-phase-of-polling-in-tamil-nadu-voters-issues/articleshow/68930595.cms">Tamil Nadu’s angry voters have a small oil field, a big highway, a medical entrance test, and a police shootout in mind</a>

Job losses will haunt Bengaluru, India’s Silicon Valley, as it goes to polls today

<ul><li>India has high ambitions to be in top five manufacturing nations in the world by 2020. </li><li>From the upcoming budget, the manufacturing industry is expecting the government to change the inverted customs structure to boost Make in india. </li><li>High GST rates are also a deterrent in India’s manufacturing growth. </li></ul>Check <a href="https://www.businessinsider.in/budget/news/budget-2019-live-updates/liveblog/67784324.cms" data-type="tilCustomLink" target="_blank">Budget 2019 live updates</a> With <keyword id="93845" type="PERSON" weightage="20" keywordseo="unemployment-rate">unemployment rate</keyword> at an all time high, the Indian government has said that the service sector has witnessed growth in jobs. However, for a country whose 45% of population is in agriculture which contributes to 15% of the GDP, just the services sector can’t offer high quality jobs that Indians need. The one last chance that the <keyword id="6360789" type="UNKNOWN" weightage="20" keywordseo="Modi-government">Modi government</keyword> has is to boost India’s manufacturing sector. The <keyword id="2637715" type="PERSON" weightage="20" keywordseo="Indian-manufacturing-industry">Indian manufacturing industry</keyword> saw a positive sign with the launch of the government’s ‘Make in India’ initiative in 2014 but five years later, the industry is still waiting for the government to push reforms and policies that will actually benefit them. The <a href="https://timesofindia.indiatimes.com/business/india-business/wef-ranks-india-30th-on-global-manufacturing-index-japan-tops/articleshow/62498057.cms">World Economic Forum</a> had ranked India 30th in the global manufacturing index in 2017-18, whereas Japan topped the list. However, from its 30th position, India has high ambitions to be among the <a href="https://www2.deloitte.com/in/en/pages/manufacturing/articles/global-manufacturing-competitiveness-index_msm_moved.html">top </a>five manufacturing nations in the world by 2020. To achieve this target, India needs a greater push from the government. With the Interim <keyword id="6147670" type="UNKNOWN" weightage="20" keywordseo="budget-2019">Budget 2019</keyword>, experts want tax reductions and higher import duties which will boost the Indian manufacturing sector and make way for more domestic manufacturing. Bring the tax down One of the deterrents for the manufacturing industry has been the taxes the corporates have to file. From 18% on raw material to 12% on finished product along with high corporate tax, it comes up to almost 35%. “Since the industry has been paid little attention in the last few years, this budget is where we expect the government to be bring the tax down to 25% as stated by Finance Minister in 2014 which will help domestic manufacturers eventually boosting Make in India,” said Madhu Sudhan Bhageria, Chairman and Managing Director of Filatex India Ltd, a textile production company. Import duties to boost domestic manufacturing Having lower import duties for raw material or manufacturing parts and higher custom duty for finished goods will boost domestic manufacturing, say industry players. There’s a lesson to be learnt from the auto industry which has 90% duty for imported products vs import of parts attract 10%, believes A. Vijayarajan, Founder, CTO, InnAccel Technologies, a medical technology company. “Current inverted customs structure is totally in favor of imports and is detrimental to Make in India as importing parts can become expensive,” said Vijayarajan. With lower import duties on parts or raw material, it will also lead to assembling of products in India. “We expect the budget for 2019-2020 to focus on mobilizing funds towards Make in India projects, wherein not only the manufacturing activity is conducted, even the assembly of the products manufactured within the Indian companies,” said Sudeep Sen, Business Head – Industrial, Manufacturing &amp; Engineering Vertical, TeamLease Services, a staffing company. Sen added that the government should give rebates to the companies which buy products from the Indian firms and then do the assembly of the same, which will also lead to greater job creation in the manufacturing sector. India has also been facing fierce competition from Chinese products that have crowded the Indian market, hindering the manufacturing industry. One of the biggest example has been the <a href="https://www.businessinsider.in/interim-budget-2019-the-state-of-indias-solar-power-is-a-matter-of-concern/articleshow/67622437.cms">Indian solar industry </a>where solar modules are imported from China which hike up the cost of manufacturing. Funds for skill training In order to boost Indian manufacturing, the government also needs to look at skill development or training to make way for more trained resources in the country. With the fourth industrial revolution, which will see more and more usage of technology to boost production, it is important that Indian workforce is also <a href="https://timesofindia.indiatimes.com/business/india-business/cos-must-invest-in-people-to-prepare-for-competition/articleshow/67743994.cms">skilled</a> to take on the changes. “Design in India is as important as Make in India – there is a lack of strong ecosystem/skill to support engineering of the products. Creating manufacture-ready products post the concept generation phase, requires technical know-how and expertise in Prototype Development and Testing Infrastructure – these are currently limited,” said Vijayarajan. The changes have to be brought in at an institutional level believe experts. “Students need to be exposed to last six months of Industrial experience, as staff and the government should come up with schemes to sponsor the fees of the top talent, creating a viral interest for more students. The government should also plan to allocate funds for the such large scale technical programs,” said Sen. While there are <a href="https://economictimes.indiatimes.com/news/economy/policy/foxconn-awaiting-rs-1000-cr-gst-refund/articleshow/67748845.cms">many international manufacturers </a>also setting up India hubs, regulatory troubles like high GST rates have reportedly hurt their growth and cash flows. So, if the Indian government wants to achieve its ‘Make in India’ dreams, it needs to push for more favourable reforms. See Also: <a href="https://www.businessinsider.in/budget-announcement-2019-may-include-pension-for-indias-informal-workforce-over-60-linked-to-aadhaar/articleshow/67782967.cms">Budget 2019 may offer a monthly pension for informal workers above 60 with Aadhaar</a> <a href="https://www.businessinsider.in/the-modi-government-has-increased-funding-for-a-cash-strapped-job-guarantee-scheme-to-an-all-time-high-ahead-of-budget-2019/articleshow/67555665.cms">The Modi government is looking to boost rural consumption with record outlay for employment scheme</a> <a href="https://www.businessinsider.in/what-is-minimum-income-guarantee-and-how-it-may-work/articleshow/67727733.cms">Explained: What is minimum income guarantee and how it may work?</a>

Budget 2019 must try to boost manufacturing to end the crisis of jobs

As the automation era takes over, leaving several IT employees in India worried about their jobs amid the ongoing layoffs in big IT companies like Wipro and Infosys, it has almost become imperative for professionals to be where the growth is in order to survive. Statistics by US firm <keyword id="705315" type="ORGANIZATION" weightage="20" keywordseo="hfs-research">HfS Research</keyword> suggest India's IT services industry will lose 6.4 lakh 'low-skilled' jobs to automation in the next five years. This is alarming, given that the $160 billion industry is one of the biggest employment generators in the service sector in India. The question is which areas will have the high-skilled, high demand job roles in the near future and what skills would it take for one to qualify for these roles. Before that, the roles that will soon be extinct - Software test engineers, System engineers, administrators, Tech Support Staff, Maintenance engineers, Customer Services executives – If you are still in these roles, consider yourself in danger. These are going to be easily managed by AI and robotics process automation based systems going forward. A report by an online professional skilling platform <keyword id="1309724" type="ORGANIZATION" weightage="20" keywordseo="simplilearn">Simplilearn</keyword> says, these jobs will most likely disappear in about 3-5 years’ time. Expert’s take Rituparna Chakraborty, Executive Vice-President and co-founder of staffing firm TeamLease Services, says “It’s a situation where the available talent haven’t kept up with the pace at which the industry was evolving and hence, many of them find themselves redundant.” Executive search organisation GlobalHunt MD Sunil Goel, on the other hand, sees this as the perfect opportunity for Indian IT professionals to identify the areas that will be worst impacted by automation. “Upgrade and get into the new-age technologies where demand is going to be huge,” he says. The Simplilearn findings point to a rapid rise in jobs in the areas of cyber security, cloud, DevOps, machine learning and AI in the future. If you are not in the digital domain in the coming years, you are not really in the growth areas. There’s, however, a little exception to this - Data analyst and project managers will continue to generate interest. Only the skills required to perform these roles will witness a shift. Navigate through a detailed insight on the new <keyword id="57650" type="UNKNOWN" weightage="20" keywordseo="IT-jobs">IT jobs</keyword> that will be in demand in the future, the salaries you can expect in these roles, and the companies that can hire you if you have the desired skill-set: 
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	<div type="image" title="Data Scientist" msid="60410010" hostid="261"></div>



































































 

	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	<div type="image" title="BDA" msid="60410048" hostid="261"></div>

































































 
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	<div type="image" title="BDE" msid="60410049" hostid="261"></div>

































































 
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	<div type="image" title="MLE" msid="60410084" hostid="261"></div>































































 
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	<div type="image" title="AIA" msid="60410085" hostid="261"></div>































































 
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	<div type="image" title="CE" msid="60410147" hostid="261"></div>





























































 
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	<div type="image" title="Devops" msid="60410148" hostid="261"></div>





























































 
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	<div type="image" title="AWS" msid="60410193" hostid="261"></div>



























































 
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	<div type="image" title="Azure architech" msid="60410194" hostid="261"></div>



























































 
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	<div type="image" title="ISM" msid="60410248" hostid="261"></div>

























































 
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	<div type="image" title="CSA" msid="60410716" hostid="261"></div>



































 As the demand for these new roles rise in the coming years, companies across sectors will seek IT professionals who are skilled to work on new platforms and technologies. This is where res-skilling gains importance. If we go by industry statistics, IT body <keyword id="6372077" type="ORGANIZATION" weightage="20" keywordseo="nasscom">Nasscom</keyword> found in May this year that at least 40% professionals of the estimated four-million workforce need re-skilling over the next five years to keep pace with the changing face and automation of the IT industry. At the same time, NASSCOM also allayed fears of large-scale job losses in the $154 billion industry, equating layoffs to “workforce realignment common to any industry and a part of the yearly performance appraisal process.” However, Raman Roy, the Chairman of NASSCOM, recently called for Skill upgradation on a massive scale to equip professionals with new-age technologies such as virtual reality, augmented reality and artificial intelligence to remain relevant in the coming years. How you can stay relevant in the Digital Economy While industry specific certifications are critical for upgrading a professional’s skills to keep them relevant, professionals must also consider the following ways to prepare for job roles of the future: 1. Upskilling and reskilling: The urgency to re-skill or perish is especially striking people with mid-level experience: Nearly 57% of the 7,000 IT professionals looking to level up on Simplilearn had four to 10 years of work experience. Meanwhile, only 11% of those with under four years of experience were seeking the online courses. Rishabh Kaul, co-founder of Indian recruitment firm Belong, says early-stage employees like fresh college graduates are often provided training by employers for the first six months. It’s for the more experienced counterparts that the certification courses matter. <ul><li>If you are looking to re-skill, Big Data, Cloud Computing, Cyber Security, Project Management, Agile and Scrum, Digitsl Marketing are some of the areas you should be focusing at since they are the most in-demand skills in IT.</li></ul>
	
	
	
	
	
	
	
	
	
	
	
	
	
	
	<div type="image" title="in-demand skills" msid="60410788" hostid="261"></div>































 <ul><li>Interestingly, the Simplilearn survey finds over half of IT professionals with work experience of 4 to 10 years are spending money for courses and training programmes that help them in-learn these new skills.</li></ul>2. Moonlighting: This works well for professionals who are planning to build a secondary source of income. Moonlighting can generate an additional source of income by partnering with startups that cannot afford in-house tech teams, or freelancing through websites like Upwork. 3. Technical education: You can also focus on earning qualifications such as a Masters Degree in science in the emerging areas like robotics or AI. There are multiple e-learning providers like Coursera, Simplilearn that offer these trainings and courses that suit an individual learner’s style and pace.

Automation era: The necessary skills for the new IT jobs of the future

<div class="image-container float_right" style="width:400px"><div class="image"></div>Vivek Prakash/Reuters</div>BANGALORE/MUMBAI, March 25 (<keyword id="76338" type="CITY" weightage="60" keywordseo="Reuters">Reuters</keyword>) - <keyword id="3658" type="COUNTRY" weightage="60" keywordseo="India">India</keyword>'s IT outsourcers are promoting "mini CEOs" capable of running businesses on their own, while trimming down on the hordes of entry-level computer coders they normally hire as they try to squeeze more profits out of their staff.
The shift by Infosys Ltd and others is symptomatic of a maturing industry that wants more revenue from its own intellectual property instead of providing only labour-intensive, lower-margin <keyword id="6363148" type="TECHNOLOGY" weightage="60" keywordseo="information-Technology">information technology</keyword> and back-office services.
For young graduates who see the $108 billion IT industry as a sure pathway to modern India's growing middle class, the transformation is unsettling.
Dozens of industry aspirants who were recruited on campus by No. 4 player HCL Technologies recently protested outside its offices in several cities. They were offered jobs in 2011 before graduating last year but have not yet been given joining dates - or paychecks.
"Dear H.R. You were also a fresher... once," read a sign carried by two protesters in a photo in The Hindu newspaper.
HCL's December quarter profits and revenues rose while staff numbers shrank - a rare trick in an industry that has long aspired to break the linear relationship between headcount and revenue growth.
Just 20 percent of the 5,000-6,000 campus recruits offered HCL jobs in 2011 have been taken on board since graduation last summer, and HCL said it made no offers in 2012 to students who would graduate in June 2013.
Slower growth, fewer people leaving, greater demand by customers for experienced staff, and increased productivity through automation and software have put pressure on all recruits, according to HCL, which said it expects to accelerate bringing entry-level staff on board from August.
"It's not that the demand doesn't exist. It exists for different skills," said Ajay Davessar, HCL's head of external communications.
"Typical roles which a student thinks, 'I'll just go there and start coding, and have a good life,' are being tested to reality... Any applicant, be it fresher or senior, will have to have flexibility in applying the skills elsewhere."
FEWER 'CODING COOLIES'
<keyword id="6358815" type="COMPANY" weightage="60" keywordseo="tech">Tech</keyword> Mahindra Ltd, the No.5 player, is naming 100 of what it calls mini-CEOs who will be given broad latitude to run their parts of the business.
"We're moving towards a situation like the developed economies, where we're asking the people to be more deep," said Sujitha Karnad, who heads human resources at Tech Mahindra.
"We want more solution architects to be here. We don't want the coding coolies anymore, that's clear," Karnad said, employing a term commonly used in India in association with menial labourers.
While plenty of Indian back office work such as technical support, processing insurance claims or staffing call centres will remain labour-intensive, software services firms are looking to move up the value chain, which means relying less on the time and toil of staff.
Growth in revenue per employee across the industry could expand to 5 percent a year in the next two years from about 3 percent over the past five, said Forrester Research principal analyst Frederic Giron. The growth rate is likely to accelerate from around 2015 as intellectual property-based work accounts for a growing share of the total, he said.
India's IT services industry grew in large part because of the availability of cheap skilled labour, an advantage that is eroding as wages and other costs in India rise.
In years past, it was cost-effective for IT companies to hire new graduates by the thousands and keep a portion on the "bench" awaiting deployment on a client project.
But budget-constrained clients now demand shorter lead times. IT vendors that might have hired people six months in advance of an expected contract are now working with a one- or two-month window, said Surabhi Mathur Gandhi, senior vice president at TeamLease, a staffing consultancy.
Traditionally, about 30 percent of Indian IT services industry staff are on the bench at any given time, often in training, as they await deployment to client work.
In the December quarter, about 70 percent of Infosys staff and less than 65 percent at No. 3 provider Wipro were deployed on billable projects. At Tata Consultancy Services , the largest Indian IT services company, the figure was 72 percent, within what Ajoyendra Mukherjee, its human resources head, calls the comfort range of 70 to 74 percent utilisation.
"I think we can push it up to 75, 76," he said.
Another IT services company, iGate Corp, envisions a future where just 10 percent of staff sit on the bench, said Srinivas Kandula, its human resources head, who predicts that the size of its bench will shrink by 2 or 3 percentage points a year over the next five years.
BACK-UP PLAN
Shorter benches mean a smaller share of hiring is direct from campuses, as seasoned professionals moving from a competitor would be less willing to wait to be deployed and firms are reluctant to pay them to do so.
Companies are also binding hires, especially experienced ones, with three-month notice periods and no-buy-out clauses, compared with one-month notice periods previously.
Among top-tier companies that are most actively trying to push non-linear growth where revenues are not constrained by the size of the work force, about 70 percent of employees are experienced staff, up from 60 percent in 2008, said Rajiv Srinivas, an associate director at Tech Mahindra, who expects that to rise to about 90 percent in the next two or three years.
At Infosys, while the net quarterly addition of employees fell from 4,906 people in the March quarter last year to 977 in the December quarter (excluding an acquisition), lateral recruitment held steady at an average of about 4,300 staff per quarter through December, meaning the percentage of campus hires was much lower.
"Earlier, the focus was more on career ... You get into a job, you start learning, and slowly acquire knowledge over a period of time," said Sunil Gupta, who joined Infosys as vice president of quality about six months ago from the Indian unit of CGI Group's Logica Plc.
"Today the value of a professional is judged by how quickly you're learning, how quickly you're adapting yourself and changing along with the environment," he said.
For young Indians who saw IT as a ticket into the middle class, the change means that career path is becoming less clear. Those who do break in and build valuable skills will remain in demand, but the days of young IT staffers brandishing five or more competing offers are over.
Yet that hasn't necessarily translated into slower wage growth. Mercer LLC expects industry salaries to grow 12 percent this year, the same as in 2012. As India's economy diversifies, graduates have more attractive career options, including at multinationals with a growing India presence, such as Google Inc , which means IT vendors must fight to stay attractive.
"We see IT companies as a back-up," said S. S. Jayaram, a final-year engineering student in Bangalore who says he chose a job in India with Mu Sigma Inc, a fast-growing U.S.-based data analytics company, over offers from IBM and TCS. (Editing by Emily Kaiser)
<div class="nc_footer">
Copyright (2013) Thomson Reuters. <a href="http://thomsonreuters.com/products_services/media/brand_guidelines/legal_notice/">Click for restrictions</a>
</div>

You Searched For "teamlease employability test" and got 10 results

Downsizing, lack of training staff points to lower intake of apprentices in Q4 says Teamlease

Anagh Pal

Now, get a British council stamp on your English skills to impress employers

Prerna Sindwani

Most companies prefer their employees back to offices but are giving them the choice

Vaamanaa Sethi

These are the hottest jobs in the cyber security industry right now, with a salary package of up to ₹23 lakh per annum

Vaamanaa Sethi

Fiber layers and field engineers to researchers ⁠— telecom jobs may see a 20% spike in 2021 as India leaps into the 5G era

Rounak Jain

This is how the US, Germany and other European countries tried to protect jobs amidst the coronavirus pandemic

Prerna Sindwani

Job losses will haunt Bengaluru, India’s Silicon Valley, as it goes to polls today

Prabhjote Gill

Budget 2019 must try to boost manufacturing to end the crisis of jobs

Sanchita Dash

Automation era: The necessary skills for the new IT jobs of the future

Anushree Singh

The $109 Billion Indian IT Industry Is Going Through A Massive Shift

Reuters

Popular Keywords

Buying Guides