Indian IT-BPM HR scenario: Evolving through volatile times

CHENNAI, INDIA: To share insights on the HR trends that will shape the IT-BPM industry in the coming year, the National Association of Software and Service Companies (NASSCOM) organized the annual NASSCOM HR Summit 2013 at ITC Grand Chola, Chennai, on the 23rd and 24th of July, 2013.

According to NASSCOM, skill based recruitment, need for specialist skills in emerging technologies focus on domain competencies and blended hiring models will be few trends for coming year.

The IT-BPM industry in India over the last few years has evolved considerably - focusing on technology led solutions, changed business and pricing models and reinvented internal structures. This has been driven by the changed global landscape, emergence of disruptive technologies and new customer segments.

Speaking on the occasion, Som Mittal, president, NASSCOM said: "The IT-BPM sector in India currently employs over 3 million people and will continue to be a net hirer with increased emphasis on skill based hiring. In addition, there are increased opportunities in the domestic sector, entrepreneurship that will fuel employment.

"Gen Y accounts for over 60 percent of the industry workforce and engaging this workforce has emerged as a key priority for the industry. Over 90 percent companies are increasingly using technology and social media to reach out to employees both current and prospective. This is enabling peer engagement and collaboration, innovation, insight-driven decision making-across geographies, time zones and employees."