Emergence of Hiring Issues in Indian Tech Market

INTRODUCTION: India ranks one third in the most appealing investment destinations for era
transactions on the globe. Modern India have a strong cognization on technology and its
era. It holds a key detail for economic boom. India is topmost nation in the area of medical
world and is placed among one of the top most five countries for space exploration. The
United States of America has taken area missions, like mission to the moon and PSLV.

India is going to take a lead role in launching satellites for SAARC nations, producing
revenues by providing its space facilities for usage to other countries around.

Current Hiring Techniques:

 Internal Candidates: Usually the companies like Wipro and TCS consider internal
candidates for new job openings. They are having internal job boards in their
intranets. Whenever new requirements come up, they post the vacancy,
encouraging the internal candidates to apply for the job. In case they do not find the
right number of candidates, they select them from outside.

 Preferred Sources: The current sources of candidates involve current employee

referral programme (ERP), customer referral management and employees.
Candidates are selected at high rate, if the candidate is from the from the preferred
sources there is more chance that he or she will stay with the organization for the
long time as they have already known the organization culture through their
colleagues. In case a candidate is selected through employee referral programme
then the employee gets remuneration for the candidates who are selected from the
employer. From one organization to other organization this remuneration varies
accordingly. This works as a morale booster of a employee. One of the major
advantages it offers is that the employee mentors with the candidate gets to
introduce the culture of the company to the selected candidates as he or she knows
the referred candidate.

 Temporary to Permanent Employment: Contracts are introduced nowadays by IT

companies for hiring. Before they take them out for the job, they want to have an
observance over the candidates. Internal Temporary Employees are interviewed by
the companies if they need permanent employees. They are being offered
permanent employees.
 External Sources: Job Fair, newspaper advertisements, TV advertisements and radio
advertisements. They are helpful for the resume collections on large scale
maintaining database for future intent.
 Some source examples are naukri.com, jobsahead.com, jobstreet.com.
Sites like siliconindia.com, LinkedIn.
Recruitments for entry level programmer positions are being in power for
programmer positions job fair. They are offering spots for the candidates. For
qualified candidates, university campus and the engineering colleges are so e
sources too.

Emergence of Hiring Issues in Indian Tech market

Indian Tech Market is facing Hiring Issues as it needs to recruit two million professionals as
per the report. Competition is increasing day by day leaving no organizations with much
alternative. They can face this challenge or ruin it. All of this is putting extreme pressure for
being globally competitive. Despite the large Number of institutions in India, employability
is still an issue.
The overall 18 % employability is reported in Indian Technology Industry. Also, Mid - level
jobs are of Indian tech companies are changing on large scale. Re skilling is required in
technologies.
The current situation is proving to be the hardest challenge for the professionals of Indian
Technology.
Such challenges require steps and initiatives from all the corners of industry mainly
stakeholders.

THE FUTURE:

The Indian IT industry has grown rapidly with an exponential growth rate after economic
reform. They have set thousands of centres and eighty countries across the whole world.
The market size has grown. The revenues in the coming years are expected to reach 350
billion in coming 5 years. The best feature of IT industry of our country is that along with its
brief increase in market size, it is also adding a good amount of share to GDP of our country.
As a result, the growth and development of our country getting alleviated.

The IT enterprise has progressively augmented the boon to India. The huge pool of
professionals is absorbed by the industry making USA a worldwide IT hub. IT has been
instrumental in building steps in transformation of the whole country monetization. New
Technologies are gaining attraction playing main role in the revolution globally.
CONCLUSION:
The past few years of COVID has majorly affected the technology industry. Nobody could
ever imagine this dramatic effect. There was a surge in the demand as tech turned out to
be a core for sustainability. The increase in the initial years could be managed but later on
this year, fundings went huge resulting in more demand for the people. The engineers with
a math background are experiencing their dream world getting multiple job offers.
On the other hand, For the companies it has become a hard deal. They need to fulfil
customer demands on time which eventually depends on employing enough people.
Unfunded start ups are being on big hit, There is a huge demand supply gap which can be
solved by education and initiatives around skill development.