Be skilled or ready to resign..IT Threat…Arrival of recession??// Capgemini CEO has a warning for you..

 

IT is one of the fastest evolving and upgrading industry…so as the evolvement is really fast so the skill set to sustain in this industry need to be upgraded accordingly.

With the domestic IT industry staring at a shift in nature of work due to increasing use of digital technologies, a leading firm has said that a majority of the workforce cannot imbibe the required emerging skill-sets, and warned of high job losses at the middle and senior levels.

Capgemini India’s chief executive officer Srinivas Kandula said over the weekend “I am not very pessimistic, but it is a challenging task and I tend to believe that 60-65% of them are just not trainable.”

The domestic arm of the French IT major employs nearly one lakh engineers in the country.

“A large number of them cannot be trained. Probably, India will witness the largest unemployment in the middle level to senior level,” he said at the annual Nasscom leadership summit here over the weekend.

The remarks come days after the industry lobby Nasscom said there is a need to re-train up to 1.5 million, or nearly half of its sectoral workforce. This is primarily on the back of a change in nature of work in newer, digital technologies.

Kandula said the industry, driven by yield-seeking investors, has not invested enough to upgrade the skill-sets of its employees.

He also said more number of students are now being hired from lower grade engineering colleges, which has ensured that the rise in wages has been negative by a huge margin.

Kandula said as against offers of Rs 2.25 lakh per annum that used to go out for freshers two decades ago, they have risen only to Rs 3.5 lakh now, which suggests a massive decrease in real wages from an inflation-adjusted perspective.

“For some unknown reasons, we call it a knowledge- driven industry. If you have that kind of talent, and then making them learn the existing technology itself is such a huge challenge,” he said.

Kandula had last week told that his company would shift focus to hiring freshers from the laterals earlier due to the newer skill-sets which are required and the ease of training which the freshers offer. He, however, had maintained that the company will continue to hire.

 

Source: https://www.techgig.com/tech-news

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