Skills, experience more important than academic qualifications, degrees: Survey
Scaler, an edtech startup for upskilling students and working professionals, capturies the current hiring trends and demands of the Indian tech industry in its Hiring Trends Report 2022, which surveyed 81 major IT product and services companies in India.
The factors leading to these evolving paradigms include: fast-changing role and skill requirements which are not taught under academic curriculums, greater availability of jobs not being fulfilled by existing campus recruitment drives, and availability of quality upskilling programs beyond universities.
“Since the beginning of the pandemic, we have been seeing the Great Resignation, but it is equally true that companies – right from smaller startups to large MNCs – are finding it hard to attract and retain good tech talent. They are now investing heavily in internal L&D programs since they give more importance to skills over academic degrees/qualifications. It all boils down to how effectively you can code,” said Abhimanyu Saxena, co-founder, Scaler and InterviewBit.
Organizations today are looking for people with holistic job skills that include creative problem-solving skills, a collaborative mindset and an ability to deal with ambiguity and complexity in workforces, Saxena added.
Digital courses, in-house workshops, partnerships with universities are some of the key methods companies are using to upskill their employees.
Full stack developer and DevOps engineer at the toughest roles to fill, finds the survey, only exacerbated by the large skill gap in India. Around 25-35% of the also find hiring for data science and ML roles very difficult, a trend that may heighten in coming years.
“The shelf life of the existing employee skill sets are shortening by the day. In this new environment of pivot or perish, upskilling and reskilling is the only way to bridge this gap. It is critical to address the capability gaps that exist today in the industry and upgrade the skill sets to lay a future-proof foundation in the Indian IT sector,” said Naren Krishna, business unit head of careers, Scaler and InterviewBit.The survey represents organizations working across sectors including edtech, IT services and staffing, product companies and telecom. The findings are based on interactions with CHROs, talent acquisition heads and CXOs and founders from organizations like Meesho, BigBasket, PayPal, Swiggy and IBM, among others.
Scaler is backed by marquee global investors like Sequoia Capital India, Tiger Global and Lightrock India.
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