Over the past two years, the IT sector has undergone several changes, the effects of which were best reflected in its talent decisions. But with many now adjusting to such market changes, what is the future of IT talent?
One immediate impact of a globalized economy today is the ability of political and structural changes in one part of the globe to influence labor policy decisions in another part. This interconnectedness of global economies today have been put under the scanner with protectionist economic policies finding a larger in many of the developed economies of the west. And within the Indian context, no better example of how such rising favor of protectionist policies can impact sectors geographically dispersed economies has occurred in recent times. Such has been the case with the Indian IT sector.
Over the years, the role that the Indian IT sector has begun to play has been pivotal in the country’s economic journey. Owing to budding markets in the west and availability of local talent which would often operate at a lower labor cost, companies Infosys and Wipro were able to establish themselves as market leaders, with companies like TCS and Tech Mahindra following the suit. Given the growth potential of the IT sector across developed economies like the US and the availability of cheap trained talent in India meant many companies made India their base when it came to acquiring talent tow work in US markets. Over the years, this trend has meant that India’s IT sector has today evolved into a $150-billion sector with one of the largest job-creating potentials across the organized sector. But all this today maybe under change.
The journey in numbers
Esta historia es de la edición May 2019 de People Matters.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición May 2019 de People Matters.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
How Digital Transformation Can Power The Great Reset
Technology has the potential to serve as the key enabler of change between digitalising administrative tasks and fostering human connections
The Crypto Meltdown Of 2022
FTX implosion: A setback, but not the end for the crypto market
Govern Pre-IPO Unicorns to Create Value; Not Valuation
Billion-dollar startups always make the headlines. But is there true value behind those eye-catching valuations? How can proper governance be implemented for these much-hyped companies?
On change and change management
The best way to end the year, especially such a disrupted one as 2022, is by laying the groundwork for the year to come. Michelle Yong, Head of Resourcing at Shell, offers some insights on change management to bring us forward into 2023
The Great Reconnection: A paradigmatic moment for employers and employees
This year has not been a good one for employee retention. The Great Resignation, originally thought to be a US phenomenon, has emerged in Asia now. But is there a way to turn it into the Great Reconnection?
Lessons Managing in leadership: a global hybrid team
What takeaways can we draw from the pandemic? Fatima Koning, Chief Commercial Officer at IWG, shares what the last five years have taught her about managing a global sales team across 120 markets in the hybrid model
Eight HR trends that we saw throughout 2022
As companies manage their workforces in a dynamic era, HR departments have continually adapted and adjusted, and never more than this year as digital acceleration and workplace evolutions came together
One way to turn the tide of employee retention
There's a surprising link between skill development opportunities and job satisfaction. Here are some ways of boosting skilling and thereby talent retention
A key focus for L&D going into 2023 should be business alignment
Venkat Subramaniam of Degreed believes that learning is core to business success and organisations need to invest in the right processes and technologies to adapt to continuous change
WOMEN IN LEADERSHIP CAN BE GAME GHANGER FOR INCLUSIVE FUTURE OF WORK
BREAKING FREE FROM THE STEREOTYPES IN THE INSURANCE SECTOR, PAMELA THOMSON-HALL SHARES HER JOURNEY OF BEING A CHAMPION FOR WOMEN AND BRINGING ABOUT A CHANGE IN A MALE-DOMINATED INDUSTRY
