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Tech Hiring Boom in India and challenges faced by HR
Posted: Apr 07, 2024
The pandemic accelerated digitization in India, causing an upswing in demand for technology and software professionals. So it’s okay for anyone skilled in coding, machine language, arithmetic modeling, or even folks good at operating strategic growth HR tools to confidently walk into any internet café, update their CV/resume, and mail to as many job openings as possible.
Though, before you think of mailing your resume, have this in mind; India is an IT talent powerhouse, meaning almost every folk here knows a thing or two about technology.
Now, imagine the number of resumes and job applications in-house hiring managers deal with daily… Good luck coming to terms with a probable estimate or landing your dream job.
The hiring boom in India’s tech industry is good for the staggering one million people coming into the job market every month, but not so wonderful for hiring managers. To grasp the current hiring situation in India, let’s look at how this hiring boom is ramping up trouble for HR leaders and the probable solutions’ recruitment consultancy services are offering.
Robust demand for tech toolsThere is no denying that the tech industry is enjoying whirlwind dominance, sharply higher than most other sectors. But even as they are raking in the ridiculous moolah from this once-in-a-decade opportunity, brace yourself; this robust demand comes at a price.
CHALLENGEIndeed, the paradoxical reliance on technology led to a hiring boom in India and a spike for top talents. But now, HR leaders have to recruit and skill thousands of professionals monthly in positions where high school and college degrees don’t certify competence; what are the odds of an in-house team succeeding?
SOLUTIONHiring managers need to understand that operating in a traditional cocoon is no longer an option. HR leaders need to evolve from everyday CV/Resume filterers to skilled professionals capable of providing guidance and strategic insights to reshape the future of work. Currently, most in-house HR teams lack the tools and expertise to keep up with this robust demand environment. So forward-thinking tech companies are better off working with recruitment consultancy service providers.
The demand and supply mismatchNowadays, we spend time with tech devices more often than with our fellows. So it’s no surprise that we interact with our peers mainly through technology. Though, in a post-pandemic world, where over 56% of the populace work from home, this is a good thing – the freedom and flexibility mean you get to do your best work at your own pace.
CHALLENGEHowever, what pops the bubble is the lack of talent supply. This paradigm shift can be challenging for HR leaders helping tech companies recruit top talent. The hiring boom for tech experts in India creates a shrinking talent pool. A demand and supply mismatch. So how can hire managers even out this demand and supply mismatch?
Read more: https://eliterecruitments.com/tech-hiring-boom-in-india/
Checkout this blog post to know to how to land your dream job.