Since last year, the Indian IT sector has been quickly hiring, with the attrition rate increasing every quarter. The turnover rate at large computer companies have increased in recent months, reaching a range of 20-30 percent every year. In an effort to reduce attrition, IT businesses are offering higher salaries to keep their senior staff. The skill gap, however, remains a major problem for everyone in the sector. As a result, tech firms are implementing advanced skill training and upskilling programs for their personnel.
Continued hybrid work
There has been an extreme change in the work culture since the pandemic. With immunization drives and low cases, there has been a pattern where tech companies are requesting that representatives work from the office. Notwithstanding being delicate to the representatives who have been telecommuting for a considerable length of time, tech companies are keeping choices open for a hybrid model, without making coming to the workplace obligatory
Upskilling through online learning
As you know there is a huge skill gap in the technology sector, Therefore, tech companies are trying their best to provide upskilling programs and advanced training programs for freshers and experienced employees. As indicated by the report Investing for Impact: Education, Skills, and EdTech, “With the pandemic adding to an extraordinary leap in online education and occupation upskilling in the country, India will before long turn into a US$313 billion online education market.”
Employing more women
Women are treated as a ‘reserve workforce’ rather than an intrinsic part of the economy. Most women take a break after reaching the mid-management level because of marriage, childbirth, caring for ailing parents, and it becomes difficult for them to return to work after the gap in their career because they often end up with a skill gap with this break.
(This is a slightly modified version of an article originally published in Analytics Insight. The original article can be found at https://www.analyticsinsight.net/what-can-indias-technology-sector-look-forward-to-in-2022/)