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Incremental hiring by IT companies will be flat this year. The industry is expected to add one lakh new jobs in 2018-19, nearly the same number that it recruited the previous year. At the end of this year, the industry will employ nearly 40 lakh people.
A majority of the new jobs will be in technologies such as Artificial Intelligence and big data analytics, both of which are changing the employment ecosystem. The total demand for AI and big data analytics in 2018 will be 5.11 lakh, which will increase to 7.86 lakh by 2021, Debjani Ghosh, President, Nasscom, which represents the $165 billion Indian IT industry, told newspersons on the sidelines of a two-day Nasscom HR Summit that began here on Thursday. Employees will be required to work on legacy systems too.
FutureSkills platform
And, to position India as a talent hub for emerging technologies such as AI and big data analytics, Nasscom showcased a roadmap for its pilot re-skilling initiative platform called FutureSkills.
Under the 9-66-155 plan, Nasscom has identified nine emerging technologies; 66 job roles in these technologies and 155 skills that will be needed in these technologies. The platform is a complement to the government’s Digital India initiative. The nine technologies are big data analytics, Artificial Intelligence, cyber security, robotic process automation, Internet of Things, social and media, virtual reality, 3D printing and cloud computing, said Amit Agarwal, CEO, IT-ITeS Sector Skills Council, Nasscom. Nasscom’s ten-member companies, including Wipro, Tech Mahindra, Cyient, Genpact & WNS, CGI (Global Capability Centre), Purpletalk (products), Dev-IT and Kelton (SMEs), will be ‘pioneers’ and have enrolled in first phase of the initiative.Universities and colleges will be included in second phase.
Personifying co-creation and collective collaboration of the industry, these companies will work with Nasscom to curate the courseware and leverage content to re-skill employees, with industry experts contributing relevant information to keep updating current learning content, he said.
Job loss
On job loss in the industry, Ghosh said every industrial revolution has caused job displacements and new jobs gets created. The same is happening this time. “The reason we suddenly taking note of this is, that is happening at a pace that we are not used to. Every single research shows that while routine jobs that do not require thinking and softer skills, will be automated. However, there will be more jobs created,” she said.
“We can worry about jobs that gets displaced. However, we believe that it is the wrong problem to focus on. What we need to focus is on re-skilling workers so that they are ready for the new jobs that are going to be created.
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