As rate of growth slows down, IT firms in India require learning to handle hopes of their workers. This information was provided by a senior industry spokesperson as he inclined for re-preparation of staff, in the age of swift technology evolution.
When rate of growth slows down, one has to handle the hopes of the workers inside the firm. This statement was made by Kris Gopalakrishnan to the media in an interview. Gopalakrishnan is the previous CEO of Infosys, the Bengaluru-headquartered IT company.
“The amount of promotions will lower down since there are no positions at higher levels. So, you have to put hopes appropriately”, he told to the media while further adding to his statement. In addition to this, the previous President of Confederation of Indian Industry claimed that technology is evolving and hence, workers will have to be trained again.
“Firstly, the firm should spend in retraining workers, and secondly, workers must spend time in training. Hence, these are traumatic situations for both leadership as well as employees in the firms”, Gopalakrishnan further added to his statement. Previous month, Nasscom, the Indian IT industry body, estimated software export growth down from 8.6% in the previous fiscal at 7–8% in 2017–2018 in constant currency. The industry might add 130–150 thousand jobs in the present fiscal year, it had predicted earlier.
The Chairman of Axilor Ventures, Gopalakrishnan, discarded suggestions that there is crisis of job in the IT sector of India. Axilor Ventures is an early stage business enterprise funder and business venture accelerator. “Even Nasscom has anticipated that this segment will put 1 Lakh+ jobs this year as well. Yes! Rate of growth has lowered down, recruitment figures are low, but it is still constructive and the sector is still employing individuals”, he further added to his statement.
Gopalakrishnan, on the other hand, claimed that recruiting is slowing down since rate of growth has lowered down. “There has been some effect of mechanization on particular services. For instance, maintenance services and infrastructure management services, mechanization has had a bang. Many tasks can be computerized and tasks services might need less number of people,” he further said.