IT-ITeS SSC NASSCOM and Aspiring Minds, now SHL, conducted a detailed study on industry hiring trends in emerging technologies. The study involved extensive secondary research and primary research involving interviews with top IT services companies that constitute more than 50% of the total IT services hiring of STEM graduates.
- The demand for digitally skilled professionals, at the current trajectory, will rise to 2.7 million, at a compound annual growth rate (CAGR) of 35% between FY 2019-20233.
- Companies have started to adopt cutting-edge online assessments such as coding simulations, which can replicate live project scenarios. In doing so, companies are consciously shifting their approach, by laying greater focus on practical coding skills over theoretical knowledge, to hire the right talent.
- The top IT services employers recommend including experiential learning methods such as internships, certifications, MOOCs, labs, hackathons and live projects, to build practical skills in STEM students.
- IT employers are now hiring tech professionals who can communicate effectively with both internal and external stakeholders. Recruiters feel that basic communication skills have become a make or break decision for them in hiring the perfect candidate.
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About the Report
The purpose of this report is to understand how the IT services industry hires from STEM colleges and recommend what academia can do to ensure that students are better equipped to get hired in the industry. This report is based on the inputs gathered from in-depth qualitative interviews of top IT services companies that constitute the annual hiring of more than 50% of the total STEM graduates. The report also covers quantitative insights from their hiring landscape, captured via an online survey questionnaire.