As India moves ahead to become a high-end technology outsourcing destination, information technology (IT) companies are finding it hard to tap the required talents with skill set of specific technologies. In many cases, clients also prefer experienced employees for niche projects, which is only adding to the woes of the IT services providers.
According to industry experts, this is posing a major hurdle for the mid-sized IT services companies, as they have to manage cost, margin and projects with available talents.
"Most of the new projects are very important for the clients, which requires niche talent.
As the projects becoming more technology-driven, many of our clients are asking for experienced employees.
Our aim is to satisfy our customer demands, for which we do more lateral hiring than freshers," said Anand Talwar, senior vice-president (talent management), ITC Infotech, a mid-sized IT company.