According to a NASSCOM report, software services major Tata Consultancy Services (TCS) has been ranked as the top employer in the Indian IT industry with 362,000 employees. It was followed by Infosys with 197,000 employees. Next in terms of employment were Cognizant, Wipro and Capgemini. Others in the top 10 include HCL Technologies, Tech Mahindra, Genpact, Intelenet Global Services and Aegis.
The report highlights the growth of digital technology over the next decade and states that due to changing technology, there will be a gradual shift of the industry towards automation. Around 5 to 10% of existing jobs may be automated in the next 10 years, significantly changing existing skills across job functions. While technology will displace some jobs, it will also lead to creation of some new jobs. The report estimates that 60-70% of the existing workforce will need to be re-skilled.
Mr R. Chandrashekhar, President, NASSCOM, talking about the key trends driving the HR function said, “Domain specialization and greater need for soft skills have become the new patterns that we are witnessing throughout the sector. In this new world order, technology and automation have taken the centre-stage, and companies are deploying them at a rapid pace to enhance productivity. This trend will bring in a sea change in talent re-structuring and deployment, creating healthy competition and re-skilling opportunities.”