When it comes to tech hiring, year 2017 continued to be a robust year with sustained high demand. The good times for tech workers will continue through the next year. According to Robert Half’s 2018 Salary Guide, today’s tech talent gap will continue to put pressure on the demand for quality tech resource across industries. Our team has come up with an ear to the ground report on some of the dominant themes that might drive headlines in the tech hiring in 2018:
Shape up or ship out: While the demand for the tech talent will continue to outpace supply in 2018, the right mix of skills would be necessary to remain relevant. With the technologies changing at a rapid rate, one must continue learning and upgrading one’s skills to meet the expectations of the changing workforce. As the industry moves away from legacy IT technologies to modern cloud-based applications & frameworks that offer scalability and inter-operability, 2018 will also see a huge demand for re-skilling and multi-skilling.
The situation for mid-level employees (8+ years of experience) will continue to get trickier. Automation and emerging skills sets will make many jobs at the middle level redundant. Roles in IT companies that were typically assigned to employees with over 8 years of experience have started going to machines. For example, many large employers like Capgemini, Deloitte, Infosys are experimenting with using machine-learning and cognitive tools for critical decision making in projects, like assigning people, timelines and progress tracking.
Verticals to drive tech demand: New wave of demand for tech talent in general, and those in emerging technologies in particular, is likely to come from the verticals like Healthcare, financial/insurance, retail, manufacturing etc. People up on the latest developments in AI, ML, IOT, Blockchain, cloud and security are expected be the most in demand by verticals in 2018.
For example, the healthcare industry is on the verge of disruption in its digital infrastructure. Blockchain can help put medical data to its maximum potential through data portability and inter-operability of records between systems while maintaining integrity and security. In a survey by IBM, 16 percent healthcare top-executives expected to have a commercial blockchain solution at scale sometime this year.
Healthcare, financial/insurance, retail, manufacturing all are discovering new applications for in AI, ML, IOT, Blockchain etc, thus leading to a surge in demand for people with requisite skills.
Dynamic workforce to drive forward: Preference for dynamic workforce is going to acquire center-stage in the IT hiring space with companies talking about liquid workforce with focus on creating new corporate cultures that can continuously adapt and learn, create new solutions and drive relentless change.
According to Ashish Bharati, Co-founder, Skilld, the new approach will have a critical role for crowd-sourced skills, contracted employees and ecosystem partners for skills. He says that the core assumptions about employees are undergoing a shift and Skill & Outcomes are gaining ground over engagement, loyalty, and long-term commitment. He said that the Skilld platform is focused on making on-demand contingent sourcing a reality by removing frictions in the market and thus reducing turnaround time and intermediation cost for the corporate sector.
Chaitali Mukherjee, Partner – People & Organisation, PwC India echoed similar view when he said that in 2018, bring your own device will morph into bring your own people–for the right job. She added that the Liquid Workforce will continue to grow in an effort for organisations to manage costs, get the best talent for the job and leverage ‘just in time’ skills.
AI, Cyber Security , Cloud, Devops to enjoy rising demand:
2018 will continue to drive demand for professionals with skills in AI, machine learning, data science, cybersecurity and devops/cloud automation.
With more and more qualified, high-end talent available for skills like AI, ML & Data Science in 2018, there will be increased hiring by companies looking to integrate innovative solutions, software, and products into their annual goals.
2017 was the year of major cybersecurity breaches as the past year saw major tech heavyweights fall victim to more elaborate and enhanced cyber attacks. Cybersecurity is, therefore, likely to lead the hiring priority for companies as they companies look to fully protect and prevent cybersecurity attacks to their consumer data, internal networks, IoT devices, and other at-risk points of entry.
While AI, ML and Cyberecurity may enjoy rising trend in tech hiring index, the biggest salary hike may come in the areas like devops and cloud-based solutions. Their demand will be driven by the need for complex deployment automation, infrastructure automation, site reliability, and cloud migration.
Blockchain may emerge the hottest tech skills in 2018: With blockchain finding application across industries, the demand for blckchain may record a sharp jump in the months to come. By helping to seamlessly connect heterogeneous databases around the world in a peer-to-peer fashion, blockchain’s overall impact is projected to be “as disruptive as the internet was 20 years ago—and still is”. According to Deloitte’s report on Tech Trends 2018, more and more companies are developing solid use cases and exploring opportunities for blockchain commercialization. In such a scenario there could be large-scale demand for blockchian professionals across industries while the supply is yet to fully wake up to the emerging potential it offers.
AI/ML to Drive Recruitment Process: This point is not so much about hiring trends in tech as it is about how tech will influence the hiring process in 2018. The New Year is going to see large scale adoption of data-driven insights to drive the recruitment and workforce management process. Artificial Intelligence & Machine Learning is going to be increasingly used to ‘mine candidates data’ and match the best talent for a job by taking multiple parameters into account. Application of AI/ML is expected to bring down the overall turnaround time for hiring while addressing issues of human biases.
Sunit Sinha, Managing Director, Accenture Strategy – Talent & Organization, Accenture India told in an interview to Moneycontrol.com that “Artificial Intelligence and Machine Learning will play a strong role in recruitment and career development processes. These technologies will help employees map and chart their career path with an emphasis on diverse experiences,” she added.
2018 could see chatbots guiding employees on career moves or even doing preliminary interviews. Other technology-led additions like AR/VR, Design Thinking etc are alo finding their way into recruitment process. also joining the party. Lot to look forward to in 2018! We will keep our ear on the ground and keep the readers updated with the latest.