Source | economictimes.indiatimes.com | Tamanna Inamdar
Manish Sabharwal, Chairman of Teamlease NSE -2.34 %, throws light on current job trends. He says that the second wave was completely different from the first wave, corporate India had learnt how to cope with lockdowns and super cycle has kicked in for IT sector.
Would you say that the job market, at least for white collar employees, has opened up in the last couple of months?
Absolutely, the second wave was completely different from the first wave, corporate India had learnt how to cope with lockdowns and the digitisation super cycle has kicked in. The secular guess you can make here is that four million IT employment goes to 10 million IT employment over the near future. So, for IT, it really is a super cycle that has been kicked off.
We saw a tweet by Bhavish Aggarwal, the tongue in cheek tweet, saying that “let me do all of my hiring now in San Francisco instead of Bangalore, engineers might be cheaper there”. What is the kind of demand we are seeing?
I mean there will always be stories at the margin but I think, India has a good people supply chain for engineers. IT companies had started taking non-computer science engineers into technology a few years ago.