The HR industry is in for great challenges and war for talent will shift from scale to skills, says R Chandrashekhar, Nasscom president
The Indian IT sector will see a 6% growth in hiring in FY16 against 9% in fy15, said Nasscom president R Chandrashekhar. “Automation across segments, particularly in HR, has undergone a seachange. This in turn had improved the productivity too and that is why hiring growth is less this year when compared to FY15,” he said at the 12th edition of the Nasscom HR Summit on Thursday.
“The HR industry is in for great challenges and war for talent will shift from ‘scale to skills’. The industry will see more lateral hirings this year due to tech invasion across spheres of segments,” the Nasscom president said.
With the addition of e-commerce, the industry expects to hire around 2.3 lakh people, including 200,000 by the IT sector (IT services and BPO), he said. Currently, the industry employs around 3.5 million people, of which nearly 3% are women and 200,000 foreign nationals. Nearly 55% of talent are from tier II, III, IV cities, he added.
India is not only the leading nation in terms of skilled manpower sourcing but also a leading nation in the field of digital technology. “It is important to understand that people run an enterprise than technology and gadgets. The war of talent among HR organisations is gaining momentum and hiring & managing the workforce in the midst of technology evolution and gadgets is going to be really challenging.”
He said the attrition levels have come down over the years as the companies are focusing on lateral hires than campus recruitments. Social media tools have also become an integral part of the recruiting function with almost 45% using this as the preferred mode.