In 2014, technologies such as Java, social platforms, mobility, cloud and Dev Ops to be under focus…
Nitinchandra Shende, head-talent management, Persistent Systems shares the recruitment outlook for the IT industry and talks about how the use of SMAC (Social-Mobility-Analytics-Cloud) have changed the way companies hire new talent.
Game Changers in Recruitment
This year, we are expecting two prominent things to be game changers in the recruitment field:
- Extensive use of technology by way of collaboration and hiring through social networks
- Focus on specific capability, wherein companies will look for individuals who can be productive from their very first day. We can already see a rapid increase in demand for such individuals.
Role of Technology in HR
Use of SMAC (Social-Mobility-Analytics-Cloud) and technology are changing the way companies hire new talent.
•Proliferation of social media platforms help context-based screening of candidates during the hiring process. It also enables strong collaboration between hiring managers, recruiters, candidates and their references. For eg the hiring manager, recruiter and candidate can be at different locations yet can smoothly complete the hiring process.
•With increased use of mobile devices, the IT system that supports hiring process is gradually becoming efficient and paperless. It is also enhancing the overall experience for candidates as well as the hiring organisations.
•With the help of analytics, evaluation of candidates has become more objective. Advanced analytical techniques can be used to predict the performance of people on certain kind of projects. Eg Run time analytics enable recruitment teams to take timely decision, understand corelation between various parameters and the potential outcome.
•Cloud technology has improved efficiency and effectiveness of hiring teams by simplifying and expanding the technology support essential for the recruitment purpose.
Skills in Demand
In 2014, we expect technologies such as Java, social platforms, mobility, cloud and Dev Ops to be under focus.
- Junior or entry level recruitments: Individuals with strong basics and a willingness and capability to adopt changes quickly will be in demand
- Middle level: There is expected to be a huge demand for candidates with a strong expertise in one or more technologies/specialisations
- Senior levels: Individuals with design/architecting and integrating skills across SMAC will have a good demand
Compensation Trends
This year, we expect the compensation packages to become broader for the overall mid and senior levels. We can also expect a rise in compensation for junior level individuals with some specific skills. However, pay packages for entry levels are expected to remain more or less flat.
Emerging Skill-sets
There would be a rise in demand for junior level individuals with good CS fundamentals and substantial exposure to any one of the SMAC technologies.
Policy Interventions to Create Jobs
India is an open economy. Currently, our IT industry is growing at about 15 per cent. On the other hand, people churn is >25 per cent (including churn at same level + new additions). We can see an emergence of business models that will further increase this churn. This will put a lot of pressure on cost structure and make IT industry less competitive in the mid to long run. Therefore, we need some kind of policy support to manage this competitiveness.
Salary Meter (average range)
For all three levels, salary would depend upon specific skills and experience of individuals.
Junior level: Rs 2-8 lakh per annum
Mid-level: Rs 6-20 lakh per annum
Senior Level: Rs 17-35 lakh per annum
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