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Rising automation and low attrition in the information technology (IT) sector may act as a dampener for job seekers with the National Association of Software and Services Companies (Nasscom) expecting hiring to decline up to 17 per cent to 150,000 in the current financial year.
The $108-billion IT and IT-enabled services sector provides employment to about three million.
“I think we will have net additions of 150,000-180,000 this year. Last year it was about 180,000,” President Som Mittal said.
He added: “It might be less than last year, as it is getting non-linear and lower-end jobs are getting automated. The profile is changing and we need more domain experts.”
Attrition levels have also come down to around 14-15 per cent against the sector average of 20 per cent earlier. Mittal also said campus hiring might fall significantly because of a change in hiring patterns.
“Campus hiring may be 60 per cent of what it was last year,” he said, adding now employers were focusing more on soft skills and leadership qualities than on technical skills.
According to an analysis, three years ago 80 per cent focus was on technical skills “but now only 40 per cent focus is on technical skills and the rest is on soft skills and domain”, Mittal said.
Hiring by India’s four largest IT companies dropped 60 per cent in the April-June quarter of this year.
The top four IT services exporters made net additions of about 4,100 to their workforce during the quarter this year, against around 10,900 in the year-ago period.
