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50% of the ITeS companies willing to wait to onboard skilled talent: BridgeLabz survey

 December 23rd, 2020: In the wake of the pandemic, about half of the ITeS companies (49.71%) are willing to wait for job ready talent (a talent joining with the required skill set allowing them to be productive immediately), which is a 17% increase vis-a-vis the last year. This is the finding of IP-driven talent incubation player BridgeLabz’s recently released whitepaper ‘Tech Employability Whitepaper 2020: COVID-19, Boon or Bane?’ The whitepaper, based on an in-depth study involving everyone from students to CXOs, gives deep insights into the pre- and post-pandemic tech employability landscape in India. 

The study had a large sample size having gathered responses from more than 1 lakh engineering students across all 32 states as well as over 2,000 CXOs (CEOs, CTOs, CHROs) and HRM across 1,000+ companies. The overarching objective of the study was to better understand how the COVID-19 outbreak has impacted the supply and demand of tech jobs.

Some of the key takeaways from the study include the fact that the hiring for tech stacks saw a sizable increase in the post-pandemic market. Some of the most popular languages included DotNET (27%), Java (37.80%), and Python (8.60%) against 2019’s figures of 11.10%, 33.90%, and 6.50% respectively. A stronger emphasis has also been seen on the skill front. For instance, despite being in an engineering field, 81% of job seekers saw business communication as a requisite. Around 33% of job seekers wanted to learn critical thinking. Another interesting finding was the higher willingness of women engineers to upskill as well as their higher uptake in incubation labs and better coding scores. Also, though 76% of students agreed they had a placement cell in their college, about only one-fifth claimed to have received any job through them. 

Speaking on the study, Narayan Mahadevan, Founder & CEO, BridgeLabz said, “While most companies are embracing the work-from-home culture and digital approaches, tech hiring is also following suit to reform and develop innovative methods. In the present-day scenario, we are observing the rise of state-of-the-art technologies that draw power from diverse tech stacks. Upskilling is certainly something that the tech candidates must focus on to improve their chances vis-a-vis employability. The market is ripe with opportunities at present. However, it will need a targeted approach to tap them.”

Incepted in 2016, BridgeLabz has so far groomed more than 2,000 engineers and contributed to their placement across leading IT companies. The talent incubator extends experiential learning to help students attain industry-relevant skill sets with 100% job assurance. BridgeLabz has forged partnerships with more than a thousand companies including Yatra, Capgemini, Meru, and RBL Bank alongside others. Using its innovative approach, BridgeLabz aims to impact more than 1 million jobs by 2025.