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Hiring in IT sector likely to decline, says Indian trade body
Publication Date : 06-08-2013
With increasing automation and the attrition rate being low, the IT sector could well see a decline in hiring, which could drop by about 17 per cent to 1,50,000 in the current fiscal, according to Indian industry body Nasscom.
The US$108-billion Indian IT sector provides employment to about three million professionals.
Talking here to an agency, Nasscom president Som Mittal said: “I think we will have net additions of 150,000-180,000 this year. Last year, it was about 180,000.”
Explaining the decline, he said: “It might be less than last year, as it is getting non-linear and lower-end jobs are getting automated. The profile is changing and we need more domain experts.”
Attrition levels have also come down to around 14 to 15 per cent against the industry average of 20 per cent earlier.
Mittal said that campus hiring may fall significantly due to change in hiring patterns. “Campus hiring may be 60 per cent of what it was last year,” he said, adding that now employers are focusing more on soft skills and leadership qualities than on technical skills.
According to an analysis, three years back, 80 per cent focus was on technical skills “but now only 40 per cent focus is on technical skills and the rest is on soft skills and domain," Mittal said.