InterviewReady’s take on the tech skill gap
In the recent past a gap has been identified between the availability of skilled engineers and job opportunities for them in the Indian market. This was observed to be worsened due to hiring freezes across all domains with many tech companies evening firing upto 10% of their employees. Many of the big tech companies hire or poach talent from each other for roles that are not widely advertised. Being prepared and highly skilled when the opportunity is presented is of utmost importance.
As observed in McKinsey’s Survey, the sentiment from Fortune500 companies is that 82% believe that their teams lack highly talented people. This sentiment combined with the current market forecast of a downturn in the upcoming months, is the reason for many companies freezing hiring and also firing non performing talent. They hire slow and fire fast
In another survey by NASSCOM called -Tech CEO Survey 2022 it was observed that the highest priority for companies at the moment is employee engagement (retaining critical talent).
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