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It may be raining job offers for techies in India, but it is a talent war for tech firms

As one executive put it: It is better to hire expensive, great talent and be tough in their evaluation, than to hire average and end up never letting them go because you can't find talent at that salary

Source | www.moneycontrol.com | SWATHI MOORTHY

There are hundreds of jobs that are up for grabs across IT and tech firms, yet they are struggling to get their hands on quality talent and hence are willing to pay a premium when they do.

“There is a war for talent,” said Salil Parekh, CEO, Infosys, in an event last month, on the demand and talent landscape in the IT industry, amid the pandemic.

The industry has been seeing demand far outstrip supply over the last few months.

There are hundreds of jobs that are up for grabs across IT and tech firms, yet they are struggling to get their hands on quality talent and hence are willing to pay a premium when they do.

According to industry experts, the hike is anywhere between 20-40 percent — more than double of what they had seen in 2019.

What happened?

Take, for instance, the plight of a Bengaluru-based IT executive in a top IT firm, looking after the banking domain. The executive is looking to hire for the role of full-stack developer and a dozen other technology and banking domain roles for months now at the mid to senior level.

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www.moneycontrol.com
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