Technology Sector

Technology Sector

This article features the hiring trends that will dominate the technology sector this year.

The Indian technology sector is rapidly offering jobs, with the attrition rate rising every quarter since last year. Over the past few months, the attrition rate at the major tech companies has gone up to touch a range of 20-30% per annum. Tech companies are paying greater salaries to retain their senior employees in an attempt to cut down the attrition rate. However, the skill gap is still a big concern for everyone in the industry. Therefore, the tech companies are also introducing advanced skill training programs and upskilling programs for the employees. There are various tech jobs available today and this article features the hiring trends that will dominate the technology sector this year:


Continued hybrid work

There has been an extreme change in the work culture since the pandemic. With immunization drives and low cases, there has been a pattern where tech companies are requesting that representatives work from the office. Notwithstanding, being delicate to the representatives who have been telecommuting for a considerable length of time, tech companies are keeping choices open for a hybrid model, without making coming to the workplace obligatory.


Upskilling through online learning

As you know there is a huge skill gap in the technology sector, Therefore, tech companies are trying their best to provide upskilling programs and advanced training programs for freshers and experienced employees. As indicated by the report Investing for Impact: Education, Skills, and EdTech, “With the pandemic adding to an extraordinary leap in online education and occupation upskilling in the country, India will before long turn into a US$313 billion online education market.”


Employing more women  

Women are treated as a ‘reserve workforce’ rather than an intrinsic part of the economy. Most women take a break after reaching the mid-management level because of marriage, childbirth, caring for ailing parents, and it becomes difficult for them to return to work after the gap in their career because they often end up with a skill gap with this break.

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