IT-BPM sector to add 3.75 lakh jobs in FY 2012: TeamLease

While full-time employment commands the volume, contract staffing is expected to benefit significantly from the positives in the market to reach a workforce of 1.48 lakh by March 2022. Up to the concept of contract staffing. Unlike earlier, around 10-15% of contracted IT-BPM joiners in FY12 are from full-time employment,” the report said.

Among the digital skills, 13 skills are going to be in massive demand and are expected to register a growth of 7.5% in this FY in FY2011. The trend is similar in the contract staffing space. TeamLease Digital predicts that the demand for contract staff for digital skills will increase by 50%, up 19% from the previous year.

According to the research report, the demand-supply gap for data engineering, data science, machine learning and artificial intelligence skills is widening. Companies are expected to practice various upskilling and cross-training initiatives to bridge the supply gap. Most companies choose to build talent pipelines from the graduate population (10-15%), adopt contractual recruitment (5-10%), and cross training from another industry/domain (70–75%) with or without certification (70–75%) Is doing. (5%).

“The Indian IT-BPM sector is on the cusp of unprecedented growth. Apart from being the largest private sector employer, the IT-BPM industry is transforming India into a hub of digital skills,” said Sunil C, Head of Specialty Staffing, TeamLease Digital.

The study further revealed that this year’s job loss rate is the highest in the history of the IT-BPM industry. In FY22, the termination of full-time employment is set to reach 24% from 13% in the previous fiscal. The contract staffing attrition is expected to increase to 49% in FY22 from 40% in the previous FY.