The Indian technology industry is facing its biggest-ever HR challenge with the need to recruit and skill more than 2 million professionals, as growing demand for ‘exponential tech professionals’ puts extreme pressure on it to remain globally competitive, according to a report.
The increasing competition has not left organisations with much of an alternative. They have to either embrace the challenge or perish, according to the report titled ‘AI & Future Of Work: Redefining Future Of Enterprise’ by BML Munjal University.
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Employability with technology continues to be a problem despite India having a large number of higher academic institutions, it added.“There is an expected supply of 7 million people for the Indian technology industry that consists of graduates, PGs (postgraduates), diploma holders and PhDs (but) overall employ-ability is 18 per cent only,” the report said.
On the other hand, it said, “Several jobs at the mid-level of indian technology companies are becoming redundant or changing dynamically. Massive re-skilling in exponential technologies required swiftly.”
Source: The Indian Express
