Press Esc to close
Saturday 25 March 2017
News updated at 2:31 AM IST

Battle for skilled talent seen hotting up in IT Inc

Last updated: 19 December, 2009
Subrahmanyan Viswanath, Bangalore, Dec19, DH News Service:

Study suggests business studies & language skills for Asian nations

Not since the dotcom crash at the turn of the century has the global IT sector faced such a tough operating milieu. Despite the sector faring better than the other sectors during the global economic crisis, it is, however, by no means immune to the current downturn.

Thanks to global economic turmoil, among the many problems plaguing many IT firms is talent shortage. However, as economies recover and hiring eventually resumes, competition for best talent will again grow fiercer, says Economic Intelligence Unit (EIU) in its latest report — Resilience Amid Turmoil: Benchmarking IT Industry Competitiveness 2009.

While recession has thrown into stark relief some of the problems facing the sector, many remedies remain the same as in a boom. Without a good supply of local talent, countries are unlikely ever to develop competitive IT sectors, it says.

Engine of growth
Further, though most governments rightly view the sector as an important engine of economic growth and are also taking appropriate steps to stimulate it’s growth, however, among several factors impinging on the sector’s unfettered growth is that of availability and quality of IT talent pool the industry requires. As global economy recovers and hiring resumes, IT companies will face fierce competition for best brains in the market, with rising international competition and demand for more value-added services, countries like India would need talent in spades.

It cites Nasscom study which states that India faces IT talent shortfall of between 8,00,000 and 1.2 million workers by 2012. It observes that, though many producers continue to work with universities, government and other firms to improve the quality of technology education, and Asian countries continue to produce large numbers of IT employees, they, however, lag in comparison with North America and Europe in providing well-rounded technology education. Among Asian economies, the concern is that education systems puts too much focus on pure IT skills and not enough on IT in the business context. Likewise, top schools in the US and Europe, which do better in this area, face long-term challenges in cultivating science and technical engineering skills of its younger students. Thus, globally, the study posits that investment in skills development remains long-term imperative.

In this regard, it stresses the need for co-ordinated efforts among government, universities and IT firms to improve the quality of technology training and expand the pool of potential hires. It suggests that, while in Asia, IT training would benefit from greater investment in business studies and language skills, in Europe & North America, they need to encourage more young people to choose mathematics and science-based subjects at universities.

Go to Top

Photo Gallery
Crime Branch officials display seized silver worth rupees 90 Lakh at a press conference in Thane...

Crime Branch officials display seized silver worth rupees 90 Lakh at a press conference in Thane...

Bollywood actress Jacqueline Fernandez during an event in Mumbai...

Bollywood actress Jacqueline Fernandez during an event in Mumbai...

An oil tanker catches fire at a petrol pump in Nongrim Hills, Shillong...

An oil tanker catches fire at a petrol pump in Nongrim Hills, Shillong...

Tibetan spiritual leader The Dalai Lama interacts with Australian cricket team captain Steve...

Tibetan spiritual leader The Dalai Lama interacts with Australian cricket team captain Steve...

Medical students form the sign of 'TB' as they observe World Tuberculosis Day in Shimla...

Medical students form the sign of 'TB' as they observe World Tuberculosis Day in Shimla...

Renowned Kathak dancer Jayanti Mala performing at the Taj Mahotsav in Agra...

Renowned Kathak dancer Jayanti Mala performing at the Taj Mahotsav in Agra...

Members of Maharashtra Association of Resident Doctors (MARD) show placards during a protest...

Members of Maharashtra Association of Resident Doctors (MARD) show placards during a protest...

Actor-Director Pooja Bhatt with 82-year-old Chandro Tomar popularly known as Revolver Dadi...

Actor-Director Pooja Bhatt with 82-year-old Chandro Tomar popularly known as Revolver Dadi...

A view of the Yadiyuru Lake in Bengaluru...

A view of the Yadiyuru Lake in Bengaluru...

The 485 km long Manali-Leh strategic road being cleared of snow by Border Road Organisation...

The 485 km long Manali-Leh strategic road being cleared of snow by Border Road Organisation...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523