Reskill Employees

With AI accelerating disruption at an unprecedented pace, IT departments are facing a talent shortage, as one in three IT leaders surveyed flagged difficulty in finding qualified talent. It also stated that the current scenario presents a missed opportunity for strengthening business outcomes and talent retention. Ed-tech company Skillsoft in its '2023 IT Skills and Salary Survey' revealed challenges such as skills gaps, talent shortages, and technology transformation are impacting IT departments, with one in three IT leaders facing difficulty in finding qualified talent. "With AI accelerating disruption at an unprecedented pace, the need for workforce training has never been more obvious and consequential. Organisations are at a critical point where they need to be deliberate and proactive about building skills and capabilities -- especially related to AI -- or risk falling behind in the coming year," Skillsoft Chief Information Officer Orla Daly said. Skillsoft's '2023 IT Skills

As many as 16.2 million workers need to be upskilled and reskilled in Artificial Intelligence and automation to meet India's skill deficit, says a report. According to the study conducted by Pearson and commissioned by ServiceNow, Artificial Intelligence (AI) will transform employment landscape, augment digital skill sets and create millions of new tech jobs. "AI and automation will require 16.2 million workers in India to reskill and upskill while also creating 4.7 million new tech jobs," the report said. India's digital skill ecosystem is also poised to grow in tandem, with ServiceNow's research revealing that additional application developers (75,000), data analysts (70,000), platform owners (65,000), product owners (65,000), and implementation engineers (55,000) will be needed by 2027, to meet the tech deficit. "We're working with every industry across the country to showcase best practice use of AI to drive meaningful business change and ensure these changes bring about ...

Tata Motors on Thursday said it plans to equip over 50 per cent of its overall workforce with new-age auto tech capabilities within five years as part of its strategy to develop skilled and future-ready staff focused on electric vehicles and other emerging technologies in the auto industry. The company, which has over 57,000 employees across different functions, has collaborated with organisations such as ARAI, Bosch, Mathworks, SAE, and Tata Technologies, among others to provide its employees with professional certification programmes in connected, electric, shared and safe (CESS) through its upskilling programme. "A dynamically evolving industry like ours mandates consistent upskilling and training to remain ahead of the curve and future ready," Tata Motors Vice President HR, Passenger Vehicles and Electric Vehicles, Sitaram Kandi said. The company has specially curated training modules to address the requisite developmental needs of all -- from shopfloor technicians to line ...

E-recruitment activities in India declined 8 per cent in September as hiring stagnated with companies focusing on upskilling their existing employees, a report said on Tuesday. According to the 'Foundit Insights Tracker', e-recruitment activities in the country dipped 8 per cent in September compared to the year-ago period, while hiring declined by 2 per cent month-on-month. "India is experiencing a temporary hiatus in hiring as companies focus on upskilling their current employees to the changing landscape before hiring new talent. However, our economic prospects are bright and resilient against global headwinds," Sekhar Garisa CEO of Foundit, a Quess company, said. "The rise in real wages and disposable incomes is boosting demand, particularly in private health insurance, retail, and consumer durables," he said. Additionally, he said improved access to finance, infrastructure upgrades, green initiatives, and policy reforms further contribute to a favourable business environment t

The demand for boot camps in firms like Upgrad, Coding Ninjas, Scaler, Great Learning, and Newton School has risen by 2-3 times in the last 6-12 months

Quiet cutting is a move by companies where they remove positions but do not fire any employees

Over 86 per cent of respondents feel reskilling and upskilling can reduce unemployment and help employees easily adapt to the evolving demands of the modern work environment, a report said on Saturday. The report by HR solutions provider Genius Consultants revealed that 86 per cent of employees interviewed feel reskilling and upskilling can help in reducing unemployment, however, 8 per cent disagreed saying that it will not have much effect on the current scenario. With the rapid advancement of technology and its integration into various work processes, 88 per cent of employees consider reskilling and upskilling is crucial for professional growth, it added. The report is based on an online survey among 1,148 employees from June 14 to July 25, across sectors including banking and finance, construction and engineering, education, FMCG, hospitality, HR solutions, IT, ITES and BPO, logistics, manufacturing, media among others. The report further revealed that 77 per cent of employees .

The initiative has skilled nearly 18,000 first-time job seekers, 72% of whom are women

Saurabh Govil has stated that niche skills such as generative AI and cybersecurity will be important for employees

The report found that short courses, employer-sponsored training, and university degrees are considered the most important for moving up from current positions

In the upcoming year, the salary hikes are less likely to be dependent upon seniority

India Inc's skill scarcity could impact the IT & services sector?

The services sector contributes to more than 50% of the country's GDP. Could the skill shortage in the sector run up against recovery in these sectors? Let's delve into the details.

The country needs a strong action plan to reskill coal mine workers in order to protect their interests while making a transition from conventional fuel to renewable energy usage, a report said on Thursday. India's power sector is one of the most diversified ones in the world. The country's thermal power generation by coal accounts for 62 per cent of its total generation capacity, a joint report of EY, SED Fund and FICCI said. It also noted that India has been consistently working at a global level to reduce emission intensity to attain its net-zero target for 2070. "For the transition from conventional to clean fuel-based energy generation, it will be imperative to protect the interests of coal mine workers through a holistic approach, and a strong skill action plan is needed to transition from coal to renewable energy," said the report titled as 'Skill action plan to fuel transition from coal to renewable energy in India'. Somesh Kumar, Partner and Leader, Power & Utilities, EY .

To begin with, Infosys identified 36 skills that were important and created learning pathways

Company retains talent by focusing on reskilling employees, incentivising them to stay on.

With vaccines rolling out, the firm is looking forward to re-engaging with all possible stakeholders

The fund will be formed through contribution from employers equivalent to '15 days of wages last drawn' by workers being retrenched

Time and cost factor liability is also the other major factor which hinders companies from reskilling/upskilling their staff