It Sector - Resuming with Smiles


 After an unwanted year, we come close to wipe off the remaining few days. With the wipe off vibe on heat, the IT sector has been creating warmth for suitable candidates. Keeping the phrase “All bad things, must end good” intact; they make happy news around many recruits who lost jobs and are in search of one. Corporate Staffing Organizations are witnessing an increase in phone calls requiring the best candidates to fill up as the perfect fit. This whole economy-restart scenario also creates an epicentre of opportunities for Companies and organizations looking for executives for chief posts and board. 


After a comparative weak quarter for the IT Firms in the later 2020; the demands are quite sluggish in this period. With predictions of a vast margin coming directly from the market, the vision for the next few months appears clear and bright. Different Human Resource consultancies might want to step up their game and strategize their moves and choose their goal of quality or quantity. 


The Indian Staffing Federation’s 2017 survey states, IT Flexi-Staffing accounted for around 2.6 lakhs of the total Indian IT workforce. The IT industry currently employs nearly 45 lakh people.  


The initial days of the lockdown saw a different story altogether; most of the staffing firms saw demand decline by more than half, with no insight as to when the situation would change. The hiring trend almost came to a stop, and a new thought occurred through IT companies for lateral hiring, and the on-boarding of freshers was postponed. This has also affected contract workers companies. 


Most businesses have improved their use of existing workers to meet demand and have concentrated on reskilling. With turnover and an all-time low for companies, their company also had an impact.


The executive of a staffing company, the conditions have seen a good peak and companies are looking for candidates to lead. While other companies still are under consideration to opt for better leaders for companies, the situation for IT firms has improved since the start of the second quarter.


The hirings in pre-COVID 19 came with a condition of location-specific; this is no longer the case. Organizations are more open to recruiting high-quality 2/3-city talent because remote work is here to stay. Companies have started to develop the understanding that they must open their arms and accept talent irrespective of the location.


The negative factor is the supply and demand divide has seeped to the roots and continues. Most of the market is in the areas of cloud, data science, cybersecurity, full-stack developer, and programming languages such as Python and Java. Consultancies to fill up the seats have developed a guards-down scenario letting quantity dominate over quality. 


The change might take time but is assured to happen. With more and more companies evolving to modern hiring norms, talent recognition is seeing good days. 

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