Scaler, EdTech firm in its 2023 hiring survey, indicated that Indian tech companies are relying on upskilling existing employees to bridge their talent gaps surfaced due to layoffs and hiring freeze. The survey included over 100 startups, product multinationals, IT services and global capability centres (GCC) in the country.
The survey reported that nearly two-thirds of the respondents were paying for their employees’ upskilling programmes.
Key findings of the survey include :61.6 per cent are paying for their employee upskilling programme,72.02 per cent of the respondents said that data science/algorithm is the most important skill,91.02 per cent of the respondents said they are looking for candidates with a problem-solving mindset,38.3 per cent of the respondents believe that the shortage of skills is the most formidable challenge in the tech sector,31.06 per cent of the respondents said that the role of back-end engineers is challenging to fill ,76.02 per cent of the respondents said they are encouraging hybrid work models in their respective organisations and 71.9 per cent of the respondents said that employee referrals are the best source of new hires.
Abhimanyu Saxena, co-founder of Scaler and Interview Bit, said, “Shortage of the right skills for the right job is definitely a growing concern for our tech sector… But we have every reason to be optimistic about the future, given that employers are looking at upskilling or quiet hiring as the primary means to bridge their internal skills gaps. Most of them are willing to pick the tab for the same. Further, given the ever-changing demand for the type of skills in the sector, it is also imperative to build an edtech sector beyond traditional institutions like engineering colleges because the upskilling needs can be largely met only by the former.”
The in-house survey included over 100 partner companies across sizes and sectors, including IT services and staffing, product companies, and startups, to gain insights into the current hiring trends across the tech landscape.
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