Decline in IT employment: Just 1.5 lakh freshmen are needed in the IT sector

 Decline in IT employment: Just 1.5 lakh freshmen are needed in the IT sector

According to the results, there is a widening skills gap as only 45% of candidates presently fulfill the standards for full competency.

The results also show that employers are seeking candidates with a mix of hard and soft skills, including technical proficiency in programming languages, software development processes, cloud computing, and data analytics, as well as soft skills like teamwork, communication, problem-solving, and emotional intelligence. is incorporated.

The IT/tech industry is predicted to recruit 1.55 lakh freshers in the fiscal year 2023–24, which is smaller than the 2.3 lakh freshers hired in the previous fiscal year, according to figures supplied by tech hiring agency TeamLease Digital.

The present state of the job market is difficult because to muted emotions and intricate talent evaluation methods. Approximately 1.5 million engineering graduates are actively seeking IT/Tech positions.

According to data from TeamLease Digital, just 45% of candidates now fulfill all competency standards, highlighting the widening skills gap. Notably, a number of significant IT firms have chosen to limit the admission of fresh talent, which has increased demand in other industries.

Global capability centers (GCCs) and non-tech industries including BFSI, communications, media and technology, retail and consumer business, life sciences and healthcare, engineering research and development, and energy have caused a substantial change in the recruiting landscape. Resources to increase the number of entry-level job openings

Industry executives stress the significance of having a combination of hard and soft skills because they understand how urgent it is to upgrade skills and implement training interventions to fully answer market demands. Employers are searching for candidates who possess both hard and soft skills, such as problem-solving, communication, collaboration, and emotional intelligence, as well as technical competency in programming languages, software development techniques, cloud computing, and data analytics.

Conversely, by concentrating on developing industry-specific abilities, especially digital competence and proficiency in utilizing digital tools and technology, freshmen may boost their employability.

TeamLease Digital highlights that in order to improve the state of education today, universities must give top priority to incorporating industry-specific training programs into their curricula. These programs aim to improve the employability of new students by providing them with up-to-date technical skills.

In addition, providing teachers with access to these training programs guarantees that they are knowledgeable about the most recent technology developments, which promotes efficient student-teacher knowledge transfer.

courses that align with the competencies that companies want

Additionally, TeamLease Digital suggests the most in-demand courses that may greatly improve a candidate's employability and match the abilities that businesses are looking for in applicants.

In addition to Post Graduate Programs in Artificial Intelligence, Cyber Security, Machine Learning, and Digital Marketing, these courses also feature Data Science with R Certification, SQL Certification Training, as well as Professional Certificate Programs in Blockchain as well as Web Design Certification.

The world of technology is changing quickly, and we must adapt. Not only should businesses expand their recruiting pools, but they need also make sure that the talent pool in our nation is prepared for such hiring. According to Krishna Vij, Business Head of TeamLease Digital, appropriate programs and courses may be developed by bringing government, business, and academia together to form a unified front.