Non-IT companies boost ranks with techies
As the consumption and economic landscapes are disrupted by digitalization, the skill and talent mix of organizations is undergoing a significant change. The proportion of digital talent in non-IT organizations’ overall recruitment pie has grown over the past few years as a result. Boosting rankings using technology through non-IT companies Ronesh Puri, MD of Executive Access, reported a 50–60% increase in the need for digital skills over the previous two years. “With their digital footprint growing, 60–70% of businesses are either hiring more people for digital roles or attracting top talent.
This year, Swedish bearing and seal manufacturer SKF anticipates that around 25% of all new talent will come from emerging industries like digital. According to Gautam Kumar, CHRO & director of people experience in the industrial region for India & Southeast Asia at SKF, “during the next three years, 38% of our future manpower requirements will mostly be in manufacturing, product development, technology, and sales.”
“It’s an unavoidable move as we embrace digitalization of technology and processes, a journey we began quite a few years ago, including the appointment of digital leaders for all our firms,” Venkatesh said of the group’s non-IT companies. Crompton’s share of the recruiting market is presently less than 10%, but the business anticipates a large growth in that area, particularly since the premium paid for candidates with excellent analytics and automation skills, is increasing in most of the hires the company is making.
In addition to the routine recruiting of chemists, scientists, PhDs, salespeople, and MBAs, there are new fields where the demand for talent has increased dramatically for pharma companies. “This necessity is in digitalization, not only of the company’s existing processes from an IT or ITeS point of view, but also new digital business models that are growing within pharma firms,” Lupin President Yashwant Mahadik stated.
We are employing people who do not currently work in pharma but rather in the Internet of Things area and companies that are completely digitized as part of our plans to enter the field of digital therapies. Attracting this talent—and a lot of it—is the greatest hiring Lupin and the pharmaceutical sector are doing right now. Take, for example, R&D, where there is a need for data scientists, digital experts, and content developers.
Mahadik responded, “For the pharma industry, I would say five years ago, it was limited. Today, there are a lot more of these recruits than there were a few years ago. Recognizing the importance of this trend, SKF stated that it is without a doubt its goal to add value for consumers when employing people in new fields.