2017 in Review: Job sector needs to re-think talent sourcing strategy: Zairus Master

With new job demands, especially in the IT sector, and implementation of new policies like GST, there is growing need for subject matter experts, writes Zairus Master, CEO, Shine.com. According to Master, there will be a growing demand for new age skills and certifications in the sector in 2018. 

The shift towards automation and use of analytics across functional areas was a big shift, which led to huge demand for new-age skills. Another thing that drove the sector was new policies like GST, which led to specific demand for subject matter experts. With newer technologies and policies, there was a gap between talent and opportunities. Our recruiter searches for skills like ‘data science’, ‘digital marketing’ and ‘GST certified professional’ saw sudden increases. We expect this trend to continue in 2018 and feel that there will be a growing demand for new age skills and certifications in the sector. 

It will become important for the Recruitment sector to re-think their talent sourcing strategy. The focus will no longer just be on which educational institute did this candidate go to or how many years of experience he has when looking at talent pools, but more importantly, on whether the candidate has the latest skills required to do the job. Our launch of Shine Learning was actually born out of this paradigm shift. There is a huge need to fill this talent gap by providing re-skilling opportunities to candidates and to make them ready for newer opportunities in their chosen career. As a job portal, Shine doesn’t just believe in providing candidates their next job, but helping them grow and stay relevant in their career. 

2017 – Annus horribilis or Annus mirabilis? 

Jobs and recruitment industry have displayed a slowdown this year. But there were key sectors that witnessed solid growth, including the BFSI sector, as more NBFCs entered the market this year. Overall, 2017 has been a year of great change in terms of jobs and recruitment for India – it’s been mirabilis for those who had the right skills and horribilis for those who were caught off guard and didn’t have the right skillset, which is why we saw a lot of movement in the IT sector. On the one hand, there were large rounds of layoffs and on the other, we saw very high demand and even higher pay packages for new skills in IT. Other sectors also showed early signs of following the same trend, which will probably get accentuated in the coming years as technology proliferation happens.

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