Small towns to generate 3.8 mn IT jobs by 2020: Nasscom
July 28th, 2010 - 9:35 pm ICT by IANSChennai, July 28 (IANS) The National Association of Software and Service Companies (Nasscom) Wednesday predicted that the IT sector will directly employ around 10 million people by 2020 with 3.8 million incremental jobs to be created in smaller cities.
And the strength of female workforce in the IT-BPO sector is expected to be around five million by the same year.
“The IT and business process outsourcing (BPO) sectors are expected to employ around 2.5 million by the end of next fiscal up from the current 2.3 million. Looking forward the sector is expected to employ 10 million people by 2020,” Nasscom President Som Mittal told reporters here.
According to him, 4.1 million incremental direct jobs are expected to be generated in tier I (bigger) cities while 3.8 million such jobs will be from tier 2/3 locations.
“While the past decade saw the workforce largely from India, the next decade will see nearly 20 percent of the work force are non-Indians. The next decade will see Indian companies migrating to domain specific services from the current delivery centric activities,” Mittal said.
With Indian IT-BPO companies getting integrated with global markets they will focus on the international policies and processes that would impact their operations from the present focus of domestic policies.
Citing Nasscom’s eight best hiring practices, he urged the industry players to adopt the same.
According to Nasscom, some of the best practices are while hiring companies should insist on relieving letter, hire from the campus only in the eighth semester, check on non-compete agreements from customer contracts, employees to serve notice period, discourage frequent job hoppers.
To the query that many leading IT companies insist on bonds making the IT employees a “bonded labour” and do not issue relieving letters even after an employee serves the notice period, Mittal said: “Nasscom does not support such practices. Companies may be resorting to such practices to reduce the attrition.”
“Best practices will also help the employees. Hiring in the industry has touched the pre-2007 levels,” added R.Chandrasekaran, president and managing director, Cognizant Technology Solutions.
- Wipro trust, Nascscom to hone IT skills of graduates - Apr 18, 2011
- Indian IT exports to touch $50-billion despite meltdown - Feb 04, 2010
- Nasscom meet focuses on IT-outsourcing sector - Feb 07, 2011
- India likely to quadruple industrial growth to 225 billion dollar by 2020: Som Mittal - Sep 01, 2010
- Indian IT service industry to cross $100 bn revenue mark - Feb 08, 2012
- Buoyant Indian IT industry rebounds but remains cautious (2010 in Retrospect) - Dec 30, 2010
- Infotech can improve healthcare in India: Nasscom - Jan 30, 2012
- Safety of women BPO employees inadequate, say activists - Nov 25, 2010
- Indian BPO sector to grow by 15 percent this year: NASSCOM - Jun 09, 2010
- Women staffers welcome police orders on pick-and-drop - Dec 10, 2010
- IT, outsourcing power India's job market (Second Lead) - Jun 30, 2011
- Infosys, IBM win Nasscom awards for corporate excellence - Nov 19, 2008
- India's services revenues seen at $225 bn by 2020 (Lead) - Apr 21, 2009
- Lok Capital invests $3 million in rural BPO - Sep 15, 2011
- Indian IT poised for second revolution: Kiran Karnik - Apr 04, 2012
Tags: 10 million, 5 million, business process outsourcing, current 2, customer contracts, domestic policies, eighth semester, female workforce, global markets, hiring companies, hiring practices, international policies, job hoppers, mittal, nasscom, non compete agreements, notice period, relieving letter, specific services, tier 2