Rohit,
Looking at
the following news report , I get a feeling that , it might be an opportune
time for you to consider development / launch of :
OnlineJobsFair.com
You may be
aware that such a portal , will not confine itself , only to interviewing
between Recruiters and Jobseekers !
There will
be a myriad uses
With Regards,
hemen
parekh
(
M ) +91 - 98,67,55,08,08
Job portals see surge in IT resumes
Job websites saw an increase in the
number of resumes being posted by software engineers between January and April,
highlighting the uncertainty surrounding the fate of thousands of employees at
large Indian information technology (IT) services firms.
Naukri.com reported a 27%
jump from the year-ago period in job applicants from the IT industry in the
January-April period; iimjobs.com, a 12.4% increase; and CareerBuilder.com, a 11.5% rise, according to data shared with Mint by each of
these portals. Monster.com saw a 60-65% year-on-year increase in the number of
software engineers posting resumes in the last month alone.
All four job portals declined to share
the absolute increase in resumes and rather shared only the percentage increase.
IT companies are in the midst of the
industry’s largest retrenchment drive, with seven of the biggest companies
planning to let go twice the number of employees asked to leave last year, or
at least 56,000 engineers in the current
year.
Some executives say that many of these
companies, including Infosys Ltd, Wipro Ltd and Cognizant Technology Solutions
Corp., are likely to end the year with fewer employees than they started with,
despite continuing to hire young engineers.
India’s IT industry, which does business
of $150 billion a year, employed 3.9 million
people at the end of March 2017, according to industry lobby group
Nasscom, which has denied reports of layoffs.
To be sure, not all people registering
on job portals are likely to have lost their jobs.
“This increase can be attributed to the
uncertainty that clouds their future with regards to the continuity of the
current job role, given the transformation that their organisations are going
through,” said Rituparna Chakraborty, co-founder and executive
vice-president at TeamLease, a staffing
firm, which saw job applicants from the IT sector double in January-April
period.
Most job applicants
register at more than one job portal.
Software industry executives say 50-75% of engineers with a few years of experience
use job portals.
A third of job seekers use referrals,
while execuChina’s tive search firms help companies fill positions at senior
levels.
Another staffing firm, PeopleStrong HR Services Pvt. Ltd, saw a 15%
increase in applications from mid-to-senior level executives from IT companies
in the JanuaryApril period.
The numbers do indicate some level of
anxiety in the minds of employees but they are not alarming, said Tarun Matta,
founder of iimjobs.com.
Technology outsourcing companies are
re-looking at their existing workforce as they face a structural challenge (and
not just a cyclical change as witnessed in the past) on account of newer
technologies such as cloud computing, which has forced these firms to move from
a people-led model to a platform-driven approach.
At the same time, more companies have
embraced automation tools to perform the mundane, repeatable tasks that were
performed by an army of engineers earlier.
Finally, poor growth and pressure on
profitability have prompted most companies to save on costs.
In the year ended March 2017, for the
first time since 2009-10, Tata Consultancy Services Ltd, Infosys and Wipro grew
slower than industry body Nasscom’s 8.6%
growth forecast in constant currency terms, even as profitability of all the
companies declined.
“The change we are witnessing in the IT
Services industry is structural—these
are challenging times as industry is reinventing
its business model,” said Venkat Shastry, partner at executive search firm
Heidrick & Struggles.
“We will see people leaving companies in
a staggered way over the next 3-4 years as the sector will continue to shed
jobs.
Unless a new sunrise sector like the IT
sector, which was born decades back, or the e-commerce sector, which emerged a
few years back, comes up and absorbs these people, it will be a painful
journey.”
No comments:
Post a Comment