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21 5 Major Hiring Trends To Watch Out For In The IT Sector 1920x590 />

5 Major Hiring Trends To Watch Out For In The IT Sector

21 5 Major Hiring Trends To Watch Out For In The IT Sector 1920x590              
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By Taggd Editorial Team

April 19, 2022

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1 min read

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Introduction

The technology talent hiring landscape has evolved manifold. The IT sector reported a significant increase in employment activity in the last two years. This demand is expected to be on a rise. As the industry continues to digitize, more opportunities are opening for tech talent.

“As of Financial Year 2021, in India, IT sector employed more than 4. 5 million people. An additional 3 million new IT positions will be created in the future bringing India's tech force to a total of 7 million by 2023. To establish a talent pool and pipeline of skilled applicants, talent teams must be aware of current IT trends and leverage them in building robust IT hiring strategies”.

Here are five major hiring trends talent acquisition leaders/teams need to know in 2022:

 

  • Tech hiring to remain robust Hiring intention for the coming quarter is the highest in the IT and technology space as companies prepare to ramp up tech hiring with the start of new financial year. As per the Decoding Jobs IT Industry Report 2022, businesses expect that hiring will increase by 40% in 2022 over 2021. With the increase in demand for tech talent, we expect the high talent churn to continue to be a sore point for the industry.
  • Hiring from cities Tier 2 picks upGiven the talent supply crunch, companies are exploring alternate solution to fill the impending roles. Scouting for talent beyond tier 1 cities is the go-to option for several companies. Identifying cities where companies can find talent at a more economical price, allowing for remote work, and exploring the untapped talent pool is a win-win for both the company and the candidate. 
  • Futureproofing with freshers – In the technology sector, companies’ investment in young and affordable talent is the need of the hour. Collaboration with educational intuitions is the best way to fulfil this need. So, freshers’ hiring is expected to grow in this industry. This ideology reflects in the hiring intent for 2022. 25% of new hires will be freshers as compared to 16% hired in 2021. However, entry-level talent is expected to be highly sought-after.
  • Increasing demand for these hot skills – Demand for professionals equipped with specialization in blockchain, and Android/iOS development has significantly increased, with C3/C++, Maya, 3D Max, Autodesk, and Java as the most popular skills. Moreover, as firms bet big on metaverse, demand for niche skills such as AI/ML, NLP (Natural language processing) is also expected to grow in FY2022-23.
  • Hiring round the year – companies are exploring the option of keeping a pipeline of warm candidates, even though there is no immediate openings. Identified priority skillset family and engage with potential candidates.

Conclusion

With The Ongoing Tech Talent War, The Crunch Of Tech Talent, And The Soaring Rates Of Offer Dropouts, Employers Are Forced To Plan Innovative Ways Of IT recruitment. The trends mentioned above can be truly transformational, depending on how seriously they are applied.

By Vishal Bhardwaj

Chief Digital Transformation