IT companies in India will hire highest in 2019, say experts
New Delhi : Good news knocks the door of those looking for jobs in India's IT companies. The outsourcing firms are making a grand comeback in the job market. It is likely that in 2019, employers will hire highest.
In 2018, the India’s second-largest IT services company, Infosys was better than any quarter in the previous five years. Conversely, the Tata Consultancy Services (TCS), the largest player in the sector, followed the trend of hiring employees.
In 2017, India’s biggest tech firms laid off over 56,000 people to the sector of digitisation and automation. Between September and December 2018, TCS’ net addition of employees was 6,827 while Infosys added 7,762.
The new-age technologies such as artificial intelligence (AI) and machine learning will displace around 75 million jobs by 2022, a recent World Economic Forum report said. This wave of new technologies will also create around 133 million new jobs in the same time period.
“…the demand for professionals with evolved, tech-led skillsets will only increase further in 2019,” said Zairus Master, CEO of jobs portal Shine.com. “Expertise in areas such as data compliance and cybersecurity will also be much sought-after, given how critical data privacy and information security have become in the global business discourse.”
“Smaller professional services organisations such as IT startups already embrace this trend, allowing it to have quickly have become the industry norm,” said Master.
Experts say that unskilled and low-skill labour will lose their jobs and mostly "unemployable" engineers will suffer.