There has been much talk about the recent mass firings at large IT firms on one hand and at the same time there have been stories about how the IT sector in India is looking up in 2014, leaving many job aspirants wondering what exactly to expect. Recent layoffs and slack recruitment may create the impression that the IT sector is expecting a slump in fortunes, but new opportunities await those willing to diversify their skill-sets, said industry experts.
Ashutosh Parasnis, SEAP’s president, said, “We read reports that the IT industry is expected to grow. However, we need to also acknowledge that there are technology shifts happening which challenge some companies while presenting new opportunities to others.” Parasnis sees a positive in changing consumer behaviour. As online shopping gains in popularity, B2C (business-to-consumer) firms and e-commerce companies are hiring IT professionals aggressively, he said.
Similarly, firms dealing in SMAC (social media, mobility, analytics and cloud) are looking to hire provided the available talents are complemented by necessary skills and relevant experience. In addition, Monster Employment Index continues to trend upward charting significant growth on the year. While 2013 saw subdued hiring on the whole, 2014 appears to be more promising. IT, banking, healthcare have been some of the most steadily growing sectors.
Murali Sarad of Cosmos Consultants, a firm that offers hiring services to IBM in Pune also agreed that since a year-and-a-half, hiring has slowed down as outsourcing has reduced substantially.” But Smita Jogdand of Resources and Ladders, an HR consultancy, believes the next quarter will open up new avenues.
Prashant Pansare, who is on the ‘National Knowledge Committee of CII’, serving VP of SEAP acknowledges the slowdown however elaborates on the local scenario rather than a global one. “In the last couple of years, Pune has done far better than before. The IT and ITES sector here will grow at 12-15% in 2014, and is amongst the top 3 preferred cities for jobs in IT and the auto sector.”
Pansare says reported IBM layoffs ought to be viewed against big-scale hiring elsewhere. “TCS recently has hired 20,000 fresh graduates from all over India. Wipro is optimistic about adding more talent to their crew as well. Campus scenario has been better compared to last year, with around 70% placements coming from the top 10 colleges in engineering and management education.”
Moreover, many conferences and international delegations have been showing interest in investing in India. So, mass layoffs must not been seen in isolation, said Pansare. “Industry bodies such as Nasscom are projecting that IT industry is set for growth. Companies may be facing certain challenges, but the outlook is optimistic.”