For Techies, Performance Evaluations To Get Tougher, Says Former Infosys CEO
Infosys co-founder Kris Gopalakrishnan announced hiring and promotion opportunities have declined in the IT industry in India. Terrant a reduction opportunities of this kind as a natural phenomenon when growth slows down, said: “There is always a tightening of the promotion process and I think it will happen automatically.” M. Gopalakrishnan, former CEO of Infosys Bangalore, said the country’s IT sector “is always looking for talent with good technical skills.”
“Because, when growth slows, there is less need for new people. Second, the chances of promotion are also lower as they do not need more people,” said M. Gopalakrishnan.
“You do not need people at the top level because there is no upward movement,” he told the Indian Press Trust news agency in an interview. “I have not seen or heard of mass layoffs. There is always a tightening of the promotion process and I think it will happen automatically.”
“The promotions will be stricter. The evaluations (performance) will be more difficult,” said M. Gopalakrishnan, president, Axilor Ventures, a starter accelerator and risk fund.
But Mr Gopalakrishnan said such developments are as natural to the industry as they have been in the past – following the Internet bubble revolution in 2001 and the 2008 financial crisis.
There are several factors that affect the IT industry: growth slows down because the economies in which Indian companies operate – the United States and Europe – slow, base effect as the industry is very important and uncertainty in The visa front. He was asked about some reports about efforts to support unions in the IT industry, said he believes that employees in the industry are “well paid, well supported, (and) already have options (change jobs).”
“For me, forming a union (in the IT industry) is a bad idea. Union can make sense when working in a factory. This (the IT industry) is not the case, people have options , Which are very well paid, “said the former president of the Confederation of Indian Industry (CII).
In NR’s statement Narayana Murthy, co-founder of Infosys, says IT organizations can protect youth jobs if executives take pay cuts, said M. Gopalakrishnan: “I do not see mass layoffs or anything like that. I do not want to comment on that. ”
Regarding employment opportunities in the information technology sector, he said: “There is still need for people with great scientific skills in artificial intelligence, new paradigms on mobile platform, IO (Internet of Things): this is a Industry that is always looking for talent with good technical skills. ”
Whether it expects “protectionist tendencies” to persist in the United States and Europe, two key markets for Indian IT companies, M. Gopalakrishnan said: “I think it’s a part of the cycle because all economies are growing without creating New jobs. Tendency to protect employment. ”
“That said, if you see data from the United States, there are 600,000 job vacancies in the IT sector. People with the right skills will be recruited,” he said.
“He also believes that companies (in the US) have difficulty hiring the right people and will come to India and start up their operations on their own. Therefore, new offices will continue to move in India, already Either in an outsourcing model and direct model, “he added.