India’s largest and most influential private employer, HCL, has been struggling to attract and retain top talent for more than two decades.
In recent years, however, the country has witnessed a surge in technology-driven industries.
In fact, according to the IT World’s 2017 Talent Report, the number of technology-based jobs grew by 2.2% in the past year, more than double the rate of the overall labour market.
And for the second year running, the Indian IT sector posted a surge, with its annual growth rate of 11.1%.
While some of the companies with the most technology-oriented hires are in HCL’s core business, others have also taken the plunge.
For instance, H&M, a retailer and clothing chain, hired more than 300 people over the past two years, with about 50% of them women.
This was partly thanks to the rise of online retailers such as Snapdeal and Flipkart, which have seen huge leaps in their user bases over the last few years.
But the Indian workforce is also facing new challenges, as technology is taking over a number of industries.
HCL said it employs more than 6,500 people globally.
The biggest job openings, however,…
Read moreWhile HCL has invested heavily in its workforce, it is still not making any major moves in recruiting from the emerging Indian IT markets.
It is also not doing much to encourage IT startups, with most of the country’s technology companies, particularly the largest ones, still largely dependent on foreign talent.
The company’s CEO, Rajeev Bhattacharya, has said that HCL is “not a country of software and IT”, but “a country of people”.
That might be the case, but it is also a message that companies need to listen to, say experts.
“India needs more of a technology mindset,” says Rakesh Chaudhary, head of research at Technavio, an online recruitment firm.
“People need to realise that the future of the Indian economy is tech-driven and tech-intensive.”
HCL might not be able to attract talent from India’s growing tech-savvy population, but the country still has a lot to offer.
India has more than 20 million tech workers, with more than half of them aged between 18 and 24.
According to Technavie, there are now around 5,500 tech companies in India.
They employ about 4.7 million people across the country.
These companies are predominantly owned by tech-focused companies like Cognizant, Baidu, and Vivo.
Tech giants like Facebook and Google are also active in India, with Google, which owns Google, and the likes of Flipkarn, Snapdeal, and Uber also hiring large numbers of people in the tech sector.
However, there is a growing number of smaller tech companies as well.
In India, more and more companies are turning to these startups to attract talented talent.
One of the biggest players in the space, Flipkarten, is reportedly hiring over 50,000 workers.
While this could mean that the Indian tech industry is getting a bit of a break from the big players, it also suggests that the industry is ready for more investment, especially as India has a high per capita IT spend.
“It’s really good news that more and other companies are coming back to India,” says Chaudhy.
“The industry needs to be supported by big, established companies that can support it and invest in the talent.”
India is now looking for talent in every sector, and it is unlikely to get any less attractive in the future.
“I think India’s IT talent market is definitely going to become more competitive and competitive in the years to come,” says M.R. Rao, director of talent management at IT, Aditya Reddy, director at Adityanath Digital, and former Indian IT leader P.M. Sharma.
“You need to build talent from across the ecosystem, from startups to start-ups, and across different disciplines, and you need to have a high-performing product.
And I think that is what India is doing.”