Indian Tech Industry employed around 4.5 lakh people in FY2022 and is expected to hire around 10 lakh professionals by end of 2023 according to the Indian Staffing Federation. Accelerated digital transformation, and advent of newer technologies such as Web 3.0, Metaverse has led to increase in demand for skilled tech talent. The technology sector faces a huge dearth of talent as the demand and supply gap continues to widen, tipping the scales against the employers. As per a NASSCOM report, this tech talent gap stands at 21.1% as a percent of supply.
The industry also faces challenges related to talent retention with an attrition rate of around 20% making it even more difficult for the employers to bridge the gap. Further to this, top tech companies have also raised concerns over practices such as moonlighting where employees take up side-hustles as an alternative source of income. Challenges like these impact the industry adversely and make us wonder what the future of work will look like.
The technology industry in India is no stranger to disruptions and has always been quick to adapt to the changing landscape. As major organisations move away from traditional work models and embrace evolving trends of hybrid working model, it is imperative that the leaders rethink strategies to create a more collaborative and engaging work environment.
In continuation to our flagship event - Most Preferred Workplace, we now turn the spotlight specifically on the tech sector with our upcoming initiative Most Preferred Workplace 2022-23 IT & ITES. In this forum, we bring together human resource leaders from IT & ITES companies to discuss and deliberate emerging workplace trends such as hybrid work models, gig economy and best practices around hiring, reskilling, upskilling of talent. We will also deep dive into employee retention strategies and understand how situations like moonlighting be tackled in an effective way.
In this exclusive industry platform, we bring forth inspiring stories of business and human resource leaders who have strived to create a thriving workplace. We will also laud leading IT & ITES companies that have particularly succeeded in their holistic reorientation of the business landscape, which has seen them create an employee experience that is competent, meaningful, collaborative, and inspiring.
CHRO - India
NTT Global Data Centers &
Head of Regional HR
India & APAC
Senior Director Human Resources
Head Human Resources
Yotta Infrastructure Solutions
Diversity, Equity & Inclusion